Foodtastic Inc., a leading franchisor of restaurant brands in Canada, has closed a $175 million revolving debt facility to fund acquisitions. This new financial opportunity is led by National Bank of Canada, and also includes Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank, Canadian Western Bank, and the Business Development Bank of Canada. However, this new debt is in addition to the existing equity investment of Restaurant Royalty Partners, a joint venture of Oaktree Capital Management, L.P. and JHR Capital LLC. This new debt facility will allow more leading restaurant brands to find a home in the Foodtastic Inc. portfolio.
A Fasken team composed of Constantinos Ragas, Marc Novello, Marwan El-Sayegh and Anne-Sophie La Rue advised Foodtastic in this deal.
Jurisdictions
- Québec
- Ontario
