Latest news with #SizzlingPlatter
Yahoo
6 days ago
- Business
- Yahoo
Bain Capital Private Equity to raise $500m to buy Sizzling Platter
Bain Capital Private Equity is buying US-based multi-brand restaurant franchisee platform Sizzling Platter. Affiliates of Bain Capital intend to offer $500m in secured notes to fund the acquisition from CapitalSpring. Bloomberg reported in April 2025 that Bain Capital planned to buy Sizzling Platter from its parent company Capital Spring for $1bn, including debt. The affiliates, BCPE Flavor Debt Merger Sub and BCPE Flavor Issuer, plan to utilise the net proceeds from the notes offering, along with funds from new senior secured credit facilities and equity contributions, to finance the acquisition, settle Sizzling Platter's existing debts and cover related fees and expenses. Any remaining funds will be allocated for general corporate purposes. Based in Salt Lake City in the US state of Utah, Sizzling Platter operates 750 restaurants spanning eight brands: Dunkin', Cinnabon, Jamba, Jersey Mike's, Little Caesars, Red Robin, Sizzler and Wingstop. Little Caesars is the largest, with approximately 450 locations in the US and Mexico. Bain Capital has a longstanding presence in the restaurant industry. In 2023, it acquired Fogo de Chão and has previously invested in Bloomin' Brands, Dunkin' and Domino's. In early 2025, Bain Capital also agreed to purchase supermarket chain Seven & i for $5.5bn. The supermarket chain operates Denny's franchises. "Bain Capital Private Equity to raise $500m to buy Sizzling Platter" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
7 days ago
- Business
- Yahoo
Sizzling Platter Announces Proposed Offering of $500 Million Senior Secured Notes to Finance Acquisition by Bain Capital Private Equity
SALT LAKE CITY, June 16, 2025--(BUSINESS WIRE)--Sizzling Platter, one of the largest U.S. restaurant franchisee platforms, today announced that affiliates of Bain Capital Private Equity intend to offer $500 million in aggregate principal amount of senior secured notes due 2032 (the "notes"), subject to market and other customary conditions, to fund the acquisition of Sizzling Platter's parent (the "Company") by Bain Capital Private Equity. The affiliates, BCPE Flavor Debt Merger Sub, LLC ("Merger Sub") and BCPE Flavor Issuer, Inc. (the "Co-Issuer") intend to use the net proceeds from the notes offering, together with borrowings under new senior secured credit facilities and equity contributions, to fund the acquisition, repay Sizzling Platter's existing indebtedness and pay related fees and expenses, with the remainder to be used for general corporate purposes. This press release does not constitute a notice of repayment of any outstanding indebtedness of Sizzling Platter. Upon consummation of the acquisition, the notes will be guaranteed jointly and severally on a senior secured basis by each existing and future wholly owned subsidiary of the Company (other than the Co-Issuer) that guarantees the Company's obligations under the new senior secured credit facilities, subject to certain exclusions. The Notes and the related guarantees are being offered to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. The Notes and related guarantees have not been and will not be registered under the Securities Act or any state or other jurisdiction's securities laws. Accordingly, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state or other jurisdiction's securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. Forward-Looking Statements This press release contains statements that are forward-looking statements within the meaning of the federal securities laws and are subject to various risks, uncertainties and assumptions. All statements that are not historical in nature, and which may be identified by the use of words such as "expects," "plans," "seeks," "anticipates," "strategy," "believes," "intends," "may," "outlook," "forecasts," "goal," "estimates" and other similar expressions or future or conditional verbs such as "will," "should," "would" and "could" and similar expressions (or the negative of such expressions), are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the proposed merger, the ability to complete the offering on favorable terms, if at all, and general market conditions which might affect the offering. Forward-looking statements are made based on our current expectations and beliefs concerning future events and, therefore, involve a number of assumptions, risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated by such forward-looking statements. The Company undertakes no obligation to update our forward-looking statements to reflect events and circumstances after the date on which the statements were made or to reflect the occurrence of unanticipated events. View source version on Contacts Samuel Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
7 days ago
- Business
- Business Wire
Sizzling Platter Announces Proposed Offering of $500 Million Senior Secured Notes to Finance Acquisition by Bain Capital Private Equity
SALT LAKE CITY--(BUSINESS WIRE)--Sizzling Platter, one of the largest U.S. restaurant franchisee platforms, today announced that affiliates of Bain Capital Private Equity intend to offer $500 million in aggregate principal amount of senior secured notes due 2032 (the 'notes'), subject to market and other customary conditions, to fund the acquisition of Sizzling Platter's parent (the 'Company') by Bain Capital Private Equity. The affiliates, BCPE Flavor Debt Merger Sub, LLC ('Merger Sub') and BCPE Flavor Issuer, Inc. (the 'Co-Issuer') intend to use the net proceeds from the notes offering, together with borrowings under new senior secured credit facilities and equity contributions, to fund the acquisition, repay Sizzling Platter's existing indebtedness and pay related fees and expenses, with the remainder to be used for general corporate purposes. This press release does not constitute a notice of repayment of any outstanding indebtedness of Sizzling Platter. Upon consummation of the acquisition, the notes will be guaranteed jointly and severally on a senior secured basis by each existing and future wholly owned subsidiary of the Company (other than the Co-Issuer) that guarantees the Company's obligations under the new senior secured credit facilities, subject to certain exclusions. The Notes and the related guarantees are being offered to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), and to non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. The Notes and related guarantees have not been and will not be registered under the Securities Act or any state or other jurisdiction's securities laws. Accordingly, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state or other jurisdiction's securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. Forward-Looking Statements This press release contains statements that are forward-looking statements within the meaning of the federal securities laws and are subject to various risks, uncertainties and assumptions. All statements that are not historical in nature, and which may be identified by the use of words such as 'expects,' 'plans,' 'seeks,' 'anticipates,' 'strategy,' 'believes,' 'intends,' 'may,' 'outlook,' 'forecasts,' 'goal,' 'estimates' and other similar expressions or future or conditional verbs such as 'will,' 'should,' 'would' and 'could' and similar expressions (or the negative of such expressions), are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the proposed merger, the ability to complete the offering on favorable terms, if at all, and general market conditions which might affect the offering. Forward-looking statements are made based on our current expectations and beliefs concerning future events and, therefore, involve a number of assumptions, risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated by such forward-looking statements. The Company undertakes no obligation to update our forward-looking statements to reflect events and circumstances after the date on which the statements were made or to reflect the occurrence of unanticipated events.
Bloomberg
09-06-2025
- Business
- Bloomberg
Banks Launch Debt for Bain Capital Buyout of Wingstop Franchisee
A group of Wall Street banks have launched the first part of a roughly $1 billion debt sale to fund Bain Capital 's acquisition of restaurant franchisee Sizzling Platter, which operates outposts of chains including Little Caesars, Dunkin', Jersey Mike's and Wingstop. Jefferies Financial Group Inc. is leading the loan offering, which includes a $425 million seven-year first-lien term loan and an $80 million delayed-draw term loan, according to a person with knowledge of the matter, who asked not to be identified discussing a private matter. Proceeds from the loan will be used to finance the company's buyout along with $500 million in other secured debt.
