Golub Capital as sole lead arranger, aloe bookrunner and administrative agent has provided a USD67.5 million GOLD financing to support the recapitalization of Chuy’s Holdings, Inc.by Goode Partners LLC. GOLD financings are Golub Capital’s One-Loan Debt facilities.
Based in Austin, Texas, Chuy’s operates 26 company owned restaurants located in Texas (21), Tennessee (2), Kentucky (1), Indiana (1) and Alabama (1). The Company prides itself on meticulous dedication to its "home-cooked" Mexican cuisine. Each restaurant conveys a laid-back, casual feel with a decor characterised by "if you have seen one Chuy’s, you have seen one Chuy’s."
"We are pleased to have the opportunity to partner with Goode Partners in financing the recapitalization of the Company," says Golub Capital Senior Managing Director Greg Cashman. "Chuy’s is a great franchise that we have been following for some time and we are excited to help finance the Company’s growth. Our investment in Chuy’s represents Golub Capital’s 3rd investment in the restaurant sector this year, and we look forward to continuing to be a market leading financing source to private equity firms investing in the industry."
Joe Ferreira, a Partner at Goode Partners, says: "We chose Golub Capital to provide the debt financing for our recapitalization of Chuy’s because of their familiarity with the restaurant industry and the capital needs of restaurant investors. They were able to analyze and understand the company’s growth plan and structure a flexible financing solution that would allow us to achieve that plan."
