TGI Fridays plans new loan for buyout by Sentinel and TriArtisan

By Sara Rosenberg

New York, May 20 - TGI Fridays Restaurants is planning on getting a new credit facility to help fund its acquisition by Sentinel Capital Partners and TriArtisan Capital Partners from Carlson, according to a market source.

Credit Suisse Securities (USA) LLC and Jefferies Finance LLC are the lead banks on the debt.

Closing is expected by July, subject to customary conditions.

TGI Fridays is a casual dining restaurant and bar chain.

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