Smith Anderson Advises Bank Lender on $12M Credit Facility for Multi-Location Restaurant Group

Smith Anderson’s Sponsor Finance team recently advised a bank lender on a $12,000,000 delayed draw term loan facility for a private-equity-backed restaurant group operating dozens of locations along the East Coast. The credit facility will support the company’s continued growth, including funding for new restaurant build-outs and related equipment purchases.

Founded in the past decade, the restaurant group has become a leading fast-casual concept, recognized for a menu that combines everyday appeal with quality and convenience. The brand's emphasis on authenticity and hospitality has driven expansion across several states and positioned it within one of the fastest-growing segments of the restaurant industry.

The private equity sponsor is a global firm that focuses on growth equity investments in small and mid-sized companies. To date, it has invested billions across a broad portfolio of businesses worldwide, spanning multiple sectors and geographies.

The Smith Anderson deal team representing the bank lender included attorneys Charles Kabugo-Musoke, Andrew Benton and paralegal Allison Samaluk.