Restaurant Technologies to launch credit facilities on Wednesday

By Sara Rosenberg

New York, March 8 – Restaurant Technologies Inc. is scheduled to hold a lender call at 10:30 a.m. ET on Wednesday to launch its $910 million of senior secured credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc. is the left lead arranger on the deal.

The facilities consist of a $100 million revolver and an $810 million green first-lien term loan B.

Proceeds will be used to help fund the buyout of the company by ECP from Goldman Sachs Asset Management and pay related fees and expenses.

With this transaction, an additional investment is being made in the company by Enlightened Hospitality Investments.

Restaurant Technologies is a provider of cooking-oil management and back-of-house hood and exhaust cleaning solutions.

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