Papa John’s Franchisee and GE Capital Franchise Financing Deal
GE Capital, Franchise Finance, specializing in financing restaurants and hospitality industries with over $10 billion assets, has agreed to refinance the existing debt of BAJCO Group, a Papa John’s Pizza franchisee. Papa John’s is the world’s third largest pizza company where BAJCO owns and operates 74 units in various states of America. This news was reported by Market Watch.
GE Capital, Franchise Finance recently completed a $9.5 million transaction with BAJCO Group, a Papa John’s Pizza(R) franchisee for the refinancing of existing debt. Funding was provided through GE Capital’s bank affiliate, GE Capital Financial Inc.
“We were highly impressed with the expertise and industry knowledge of everyone on the GE Capital team,” said Faisal Bajwa, CFO, BAJCO Group. “We have been a customer since 2010, and this latest financing was another very professional execution. We look forward to working with GE Capital again.”
Based in Niles, OH, BAJCO currently owns and operate 74 Papa John’s units in Ohio, Indiana, Michigan, Pennsylvania, and Florida.
“The BAJCO team is a pleasure to do business with,” says Paul Cantieri, senior vice president, GE Capital, Franchise Finance. “We are excited to work with them as they continue to grow.”
Headquartered in Louisville, Kentucky, Papa John’s International, Inc. is the world’s third largest pizza company with more than 3,700 restaurants in 32 countries.
Photo by Bong Ong
