PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Capital Finances Acquisition of 16 IHOP® Units by Romulus, Inc. - GE Capital’s Franchise Finance (GEFF) business announced today that it has provided $35 million in two separate term loans to Romulus, Inc., one of the largest IHOP® franchisees - GEFranchiseFinance.com
GE Capital Finances Acquisition of 16 IHOP® Units by Romulus, Inc.

 

NewswireToday - /newswire/ - Scottsdale, AZ, United States, 2014/11/13 - GE Capital’s Franchise Finance (GEFF) business announced today that it has provided $35 million in two separate term loans to Romulus, Inc., one of the largest IHOP® franchisees - GEFranchiseFinance.com. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Franchise/Biz Opportunity Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The funds will be used to refinance existing debt, provide a dividend recapitalization and finance the acquisition of 16 IHOP units in Ohio and Indiana.

Romulus opened its first IHOP in Phoenix in 1991. With the new units, Romulus owns 75 units across nine states today. Its founder, Chris Milisci, has more than 20 years of restaurant experience with IHOP Corp. and as an IHOP franchisee. He’s widely recognized as one of the leaders within the IHOP system, having served on several franchisee boards over the years, including the Board of Advisors. In addition, he’s a founding director of Centralized Supply Chain Services, LLC (CSCS®), which is the sole purchasing agent for the Applebee’s and IHOP systems.

“I’m grateful to GE Capital for helping me increase my investment in the IHOP brand, and I look forward to continued growth with the IHOP system," said Milisci. “Doing business with a lender that specializes in the restaurant industry enabled me to close this transaction with speed and confidence.”

“We’ve been a lender to Romulus since 2012,” said Trey Brown, sales leader of GEFF. “Chris and his management team are top-notch operators, choosing excellent sites and capitalizing on IHOP’s exciting new menu.”

The transaction was originated by Todd Cortell, a senior vice president with GEFF responsible for restaurant financing in the West region.

About GE Capital, Franchise Finance

GE Capital, Franchise Finance (gefranchisefinance.com) is a leading lender for the U.S. franchise finance market via direct sales and portfolio acquisitions. With more than 30 years of experience and over $6 billion in served assets, it provides financing to more than 2,000 customers and 14,000 properties. The business specializes in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Its team of industry experts helps them realize their individualized growth plans. GE Capital, Franchise Finance customers also receive access to its proprietary industry research and cutting-edge digital tools.

GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.

GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Franchise/Biz Opportunity Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Franchise Biz Opportunity - Franchising.com is very welcome to link this article from their website as well as all previous ones and name PRZOOM - PRTODAY / NewswireToday as one of their sources. Franchising.com is one of those numerous websites caught using others content without offering link back to the original source. Google™ should take necessary action and remove Franchising.com from Google™ News.

 
  Your Banner Ad showing on ALL
Franchise/Biz Opportunity articles,
CATCH Visitors via Your Competitors Announcements!


GE Capital Finances Acquisition of 16 IHOP® Units by Romulus, Inc.

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE Capital Finances | IHOP®
Publisher Contact: Lisa Tibbitts - GE Capital Americas 
203-956-4582 / 203-803-6142 (mobile) lisa.tibbitts[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Franchise/Biz Opportunity via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Franchise/Biz Opportunity Most Recent Related Newswires:

Minnesota Company Begins Nationwide Franchising Effort
Israel’s Leading Business Promotion Group to Visit India in July
GE Capital Provides Serazen with Financing to Acquire 50 Hardee’s Units
GE Capital Provides Financing to Boston-Area Domino’s Franchisee
New Japanese Service FranchiseMeets Named and Quoted in FIM Keynote Address
Nashville Investors Acquire the Master Franchise Rights to a Fast Growing Home Care Company
GE Capital Finances Acquisition of 26 Denny’s Restaurants
GE Capital Finances Expansion of Planet Fitness Franchisee PF Growth Partners
GE Capital Lends $45 Million to Largest McAlister’s® Deli Franchisee The Saxton Group
Jantize America Expands into Lehigh Valley, Pennsylvania
FranVest Management EB-5 Direct Investment Managed Franchise Program Provides Proof of Concept
GE Capital Provides Financing to Houston Popeyes Franchisee Z&H Foods
GE Capital Provides $37.5 Million Credit Facility to Specialty’s Café & Bakery
GE Capital Leads $95 Million Financing for Restaurant Franchisee JIB Management
Top Business Broker Frank Davidson Charlotte Adds Value Selling Companies in US

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)