Au Bon Pain refinances mezzanine debt with new credit facility

By Lisa Kerner

Charlotte, N.C., July 5 - Au Bon Pain (ABP Corp.) refinanced existing mezzanine debt using a new $112 million senior secured credit facility last week, a market source said.

The facility, which included a $12 million revolver and a $100 million term loan, was also used to refinance senior debt.

Golub Capital and GE Capital Markets acted as the co-lead arrangers on the deal.

Au Bon Pain is a Boston-based operator and franchisor of fast casual restaurants.

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