Please ensure Javascript is enabled for purposes of website accessibility Victory Park Capital Secures $51 Million Credit Facility from GE Capital to Further Growth of Giordano’s - Victory Park Capital
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Victory Park Capital Secures $51 Million Credit Facility from GE Capital to Further Growth of Giordano’s

CHICAGO – April 1, 2015 – Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced today that it has secured a $51 million credit facility from GE Capital, Franchise Financeand Citizen’s Bank to refinance existing VPC debt and fund long-term growth initiatives of Giordano’s, a world-famous stuffed pizza restaurant chain based in Chicago, Ill. The credit facility will contribute to corporate and franchise expansion in key markets outside of Chicago and help fund the development of business enhancements impacting Giordano’s growth strategy.

“We were impressed with GE Capital’s proven reputation as one of the largest lenders in the restaurant finance sector and are confident they will offer strategic value to the overall growth strategy for Giordano’s,” said Chad Peterson, principal at VPC. “The latest credit facility will provide Giordano’s with significant flexibility to continue to execute on its development plan.”

The Company’s long-term development plan includes the opening of new Giordano’s restaurants in a number of new markets outside of the current operating footprint. The recapitalization will provide the business with incremental growth capital to support the capital expenditures for expansion.

“The new capital represents the next step in the continued development of our business,” said Giordano’s CEO Yorgo Koutsogiorgas. “We look forward to working with a team as experienced in the franchise sector as GE Capital and believe Giordano’s is well positioned for future growth.”