BOSTON Multiconcept operator Lyons Group Ltd. is planning to use $5.8 million in newly secured financing to expand its roster of restaurants, according to one of the participants in the lending deal, GE Capital Solutions.
Lyons’ 25 concepts include Sonsie Restaurant, Lucky’s Restaurant and Lounge, and Game On, a restaurant inside Fenway Park, the home field of the Boston Red Sox.
In a three-stage deal with GE and the private-equity firm LRG Capital Group, Lyons was loaned $3.6 million in January, extended a $500,000 line of credit a month later, and recently given initial approval for an additional loan of $1.7 million, which GE said would be completed in the next few weeks.
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