Raising Cane's gets $29.5M for growth

BATON ROUGE La. Raising Cane’s Inc., which has more than 60 chicken-finger restaurants in 13 states, recently completed a $29.5 million financing deal with GE Capital Solutions-Franchise Finance.

The deal included a $26 million term loan and a $3.5 million revolving line of credit, GE Capital Solutions said.

The deal will allow Raising Cane’s Chicken Fingers to consolidate debt and increase cash flow in order to grow, GE said.

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