Restaurant Technologies to get new credit facility for buyout

By Sara Rosenberg

New York, May 4 - Restaurant Technologies Inc. plans on getting a new credit facility to help fund its acquisition by EQT Infrastructure from Parthenon Capital Partners and ABS Capital Partners, according to a market source.

BNP Paribas Securities Corp. and GE Capital Markets are the lead banks on the deal, with BNP the left lead.

Other funds for the buyout will come from equity.

Closing of the acquisition is expected to occur in the second quarter, subject to anti-trust approval.

Restaurant Technologies is a Minneapolis-based provider of cooking oil management services to the foodservice industry.

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