DALLAS Tribox LLC, a Jack in the Box franchisee, has garnered $12 million from GE Capital, Franchise Finance for the purchase of 14 additional Jack in the Box units and to refinance existing debt.
The company currently operates seven locations in the Dallas area. GE Capital said Tuesday that the deal closed in early June.
“We’re happy to help Tribox grow and expand their reach in Dallas,” Dave Stansbery, vice president, GE Capital, Franchise Finance, said in a statement. “We are committed to helping restaurants grow by offering access to capital and providing flexible financing options.”
In the statement, the companies did not reveal details on the debt refinancing or when the purchase of the additional Jack in the Box locations would occur.
The Jack in the Box chain is operated and franchised by San Diego-based Jack in the Box Inc., and totals more than 2,180 restaurants in 18 states.
Contact Sarah Lockyer at [email protected].