GE Capital Franchise Finance said Tuesday it recently provided $9.3 million in financing to franchisee Georgia Texas Operating Co. to acquire four Burger King units in the Atlanta area.
Georgia Texas Operating Co., based in Newnan, Ga., also owns six Taco Bell units, also in the Atlanta market.
GE Capital said the financing allowed George Texas Operating to acquire the Burger King units as well as to refinance existing debts.
Mike Record, vice president of GE Capital Franchise Finance, based in Scottsdale, Ariz., said, “This is our fourth transaction over the past 10 years with Georgia Texas Operating Co., and we look forward to assisting them with their future growth plans.”
Funding was provided through GE Capital Franchise Finance's bank affiliate, GE Capital Financial Inc.
Contact Ron Ruggless at [email protected].