Captain D's sets structure on $330 million credit facility

By Sara Rosenberg

New York, March 1 - Structure on Captain D's Inc. $330 million credit facility emerged, with the deal set to consist of a $60 million revolver and a $270 million term loan, according to a market source.

JPMorgan is the lead bank on the deal that is scheduled to launch into syndication via a bank meeting on Thursday.

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.

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