Restaurant Technologies completes $165 million credit facility

By Sara Rosenberg

New York, May 16 - Restaurant Technologies Inc. closed on its $165 million credit facility that was used to help fund its buyout acquisition by EQT Infrastructure from Parthenon Capital Partners and ABS Capital Partners, according to a market source.

The facility consists of a $125 million term loan, a $25 million delayed-draw term loan and a $15 million revolver, the source said.

The deal had strong support from a small group so a broader syndication process was skipped, the source added.

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

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

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