News

Taco Bueno amends existing credit agreement

January 10, 2012

Taco Bueno Restaurants has amended its existing credit agreement to increase financial flexibility and to pay a dividend to shareholders.

Taco Bueno, which currently operates 161 company-owned restaurants and 23 franchise stores in four states, has been a portfolio company of private investment firm Palladium Equity Partners LLC since 2005.

The amendment will allow the chain to pursue opportunities for growth, after delivering record-setting quarters in 2011, according to Alex Ventosa, a managing director at Palladium.

"Over the past six years, Taco Bueno has maintained an excellent partnership with Palladium, which has enabled us to grow as a company while maintaining our rich heritage," added Ed Lambert, CEO of Taco Bueno. "Our customers have a strong passion for the brand and we will continue to provide the service and food quality that they expect."

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