News

GE Capital funds acquisition of four Burger King units

October 11, 2010

Georgia Texas Operating Company has been provided $9.3 million in financing from GE Capital, Franchise Finance for its acquisition of four Burger King restaurants in the Atlanta area. The money will also be used to refinance debt.

Funds were provided through GE Capital's bank affiliate GE Capital Financial Inc.

The Georgia Texas Operating Company is based in Newnan, Ga. and also owns and operates six Taco Bell units.

This deal marks the fourth transaction in 10 years between GE Capital, Franchise Finance and Georgia Texas Operating Company.

"Our relationship with GE Capital continues to grow with each new transaction," said Doug Augustine, CEO of Georgia Texas Operating Company. "We appreciate GE Capital's experience and expertise as we increase the size of our company."

Burger King operates more than 12,000 restaurants worldwide, 90 percent of which are franchised.