PE-backed Global Franchise Group Inks $50M Credit Facility

Global Franchise Group, a portfolio company of Los Angeles-based private equity firm Levine Leichtman Capital Partners, has closed on $50 million senior credit facility. The money will be used to refinance existing debt, pay a shareholder dividend and provide for on-going working capital needs of Global Franchise Group, the company said. The debt financing was provided by Bank of Montreal and NXT Capital.

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