Captain D's sets Thursday launch for $330 million credit facility

By Sara Rosenberg

New York, Feb. 28 - Captain D's Inc. has scheduled a bank meeting for Thursday to launch its proposed $330 million credit facility, according to a market source.

JPMorgan is the lead bank on the deal.

Proceeds from the credit facility will be used to help fund the acquisition of Del Taco Inc.

Private equity investors in the acquisition are Grotech Capital Group, Charlesbank Capital Partners, Leonard Green & Partners LP and Stockwell Capital LLC.

Captain D's is a Nashville, Tenn., seafood quick-service restaurant chain. Del Taco is a Lake Forest, Calif., Mexican quick-serve chain.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.