Flynn Restaurant to launch $1.05 billion term loan on Monday

By Sara Rosenberg

New York, Nov. 10 – Flynn Restaurant Group will hold a lender call at 11 a.m. ET on Monday to launch a $1.05 billion seven-year first-lien term loan, according to a market source.

BofA Securities Inc. is the left lead arranger on the deal.

The term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to amend and extend an existing $592 million first-lien term loan due June 2025, and repay an existing $135 million second-lien term loan, some preferred equity and credit facilities issued at Apple American.

With this transaction, Apple American is being added to the existing borrower group.

Flynn Restaurant is a San Francisco-based restaurant franchisee operator.

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