Wendy's CEO: More product innovation to come

by Alicia Kelso — Editor, QSRWeb.com

The brand will continue to work toward having fast casual-quality food and experience at a QSR price point.

Sonic completes refinancing on portion of debt

July 19, 2013

Sonic Corp. has issued $155 million of 2013-1 Senior Secured Fixed Rate Notes in a private transaction. The net proceeds of the issuance will be applied to…

QSR franchisees provide testimonials for Direct Capital's financing program

July 19, 2013

A handful of quick-service franchisees at brands including Subway and Dairy Queen have participated in a video series to endorse their Direct Capital financing…

Hardee's franchisee leverages tax credits for expansion

July 18, 2013

Saddle Peak LLC, an 11-unit Hardee's franchisee based in Little Rock, Ark., recently opened its newest Hardee's restaurant in Bryant, Ark. The company has…

KFC veteran named CFO at El Pollo Loco

July 16, 2013

El Pollo Loco has named Larry Roberts as its chief financial officer. Roberts assumes his new role with nearly 30 years of experience, including more than 2…

Krispy Kreme approves $50M share repurchase

July 14, 2013

Krispy Kreme Doughnuts Inc.'s board of directors has approved the repurchase of up to $50 million of the company's common stock, effective immediately. The…

Sonic announces proposed partial refinancing

June 24, 2013

Sonic Corp. has announced that certain of its subsidiaries intend to refinance a portion of the 2011-1 Senior Secured Fixed Rate Notes issued under their…

Restaurant chains capitalize on increase in SBA lending

June 20, 2013

A new report released at the start of the International Franchise Expo in New York City shows that U.S. Small Business Administration (SBA) lending to…

Cousins Subs promotes marketing exec, names new CFO

May 28, 2013

Wisconsin-based Cousins Subs has hired Jason Westhoff as chief financial officer for the corporation and its 140-store franchise system.

Wendy's names former Kellogg's president as CFO

May 6, 2013

The Wendy's Company announced today that Todd Penegor has been named senior vide president and chief financial officer. Penegor, who most recently served as…

Good news: Restaurant sales, unit growth, financing up

Total unit growth for the Top 100 restaurant chains was 1.8 percent in 2012, the highest since 2007.

Wendy's expects $19M in annual savings from debt refinancing

April 18, 2013

The Wendy's Company announced that its indirect wholly owned subsidiary, Wendy's International Inc., has entered into an agreement to refinance its existing…

Del Taco completes $215M debt refinance

April 1, 2013

Del Taco Holdings Inc. announced the completion of a debt refinance transaction worth $215 million.

Burger King franchisee acquires six Taco Bell units

March 27, 2013

GE Capital, Franchise Finance recently provided $11.3 million to Ghai Management Services, a Burger King franchisee. The funding was used for the acquisition…

Taco Cabana parent launches SPO

March 19, 2013

Fiesta Restaurant Group Inc., parent company of the Pollo Tropical and Taco Cabana restaurant brands, today announced the launch of a proposed secondary public…

PeopleMatter receives $19M in capital funding

March 5, 2013

PeopleMatter announced it has closed a $19-million growth round of capital led by Scale Venture Partners, based in California. According to PeopleMatter CEO…

Good Times Restaurants' debt repayment paves way for acquisition

March 5, 2013

Good Times Restaurants Inc. announced it has paid off all of its term debt after the closing of its most recent sale leaseback transaction.

Restaurant operators optimistic about the months ahead

March 1, 2013

Driven by a more optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose to its highest…

Franchising industry shows improvement in January

February 20, 2013

The Franchise Business Index (FBI), an index of the economic health of the U.S. franchising industry, increased by 0.7 percent in January as nearly all…

Dunkin' Brands completes credit facility refinancing

February 15, 2013

Dunkin' Brands Group Inc., parent company of Dunkin' Donuts and Baskin-Robbins, announced it has completed the refinancing of its senior secured credit…