Checkers Drive-In Restaurants gets $201.5 million credit facility

By Sara Rosenberg

New York, Jan. 8 – Checkers Drive-In Restaurants Inc. closed during the week of Jan. 4 on a new $201.5 million credit facility, according to a market source.

Antares acted as the lead on the deal.

The facility consists of a $25 million five-year revolver and a $176.5 million six-year term loan, the source said.

Proceeds were used to refinance existing high-yield notes.

Checkers, a Sentinel Capital Partners portfolio company, is a Tampa, Fla.-based quick service restaurant operator.

© 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.