Franchise Group gets $575 million in term loans for W.S. Badcock buy

By Sara Rosenberg

New York, Nov. 22 – Franchise Group Inc. got $575 million in new term loans to help fund its acquisition of W.S. Badcock Corp., according to a news release.

J.P. Morgan arranged the debt financing.

Following the roughly $580 million acquisition, the company’s total net leverage is under 3.5x.

Franchise Group is a Virginia Beach, Va.-based owner and operator of franchised and franchisable businesses. W.S. Badcock is a home furnishings company.

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