CKE Restaurant Holdings to refranchise 50 Hardee's units

CKE Restaurant Holdings to refranchise 50 Hardee's units

Serazen LLC will acquire and remodel the restaurants

CKE Restaurant Holdings Inc. has agreed to refranchise 50 Hardee’s locations in the Carolinas, officials announced Monday.

The units are being acquired and remodeled by franchise operator Serazen LLC, based in Orange, Calif., which operates 69 Papa John’s locations.

Terms were not disclosed, but the deal was financed with a $30.7 million loan by GE Capital’s Franchise Finance division.

As part of the acquisition, Serazen has agreed to build 14 new Hardee’s un

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