Five Guys gets $100 million facility from GE Capital to fund growth

By Susanna Moon

Chicago, March 24 - Five Guys Holdings, Inc. obtained a $100 million credit facility from GE Capital, Franchise Finance consisting of a $55 million term loan and a $45 million revolver, according to a press release from GE Capital.

The funding, which will be used to finance expected growth, was provided through GE Capital's bank affiliate, GE Capital Financial Inc.

"GE Capital's ability to grow with us, from a $14 million credit facility in 2008 to a $100 million credit facility in 2011, has been a critical part of our success," Peter Hanson, chief financial officer of Five Guys, said in the release.

"In completing the refinancing of our existing credit facility and providing us with $55 million in new capital, GE has put us in a great position to deliver on our ongoing development plans."

Five Guys is based in Lorton, Va., and operates the Five Guys Burgers and Fries quick-service restaurant franchise, which offers a simple menu of burgers, fries and hot dogs.

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