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June, 2010

Trinity Capital has Completed a Comprehensive Financial Restructuring and Re-Image Funding Program on a Multi-Unit KFC Franchisee

Transaction Overview:                                

Trinity Capital LLC recently completed the successful execution of a comprehensive financial restructuring and re-image funding program for a significant franchisee of KFC restaurants. Before engaging Trinity, the client had experienced an extended period of same store sales declines and foresaw the inability to comply with the combination of re-image requirements, royalty obligations and lenders’ debt service payments. 

Upon execution of the multi-party restructuring agreement, negotiated by Trinity, the Company reduced principal balances, annual debt service requirements and franchisor payables as part of a 10-year solution based on conservative sales projections. In addition, Trinity’s structured solution incorporated a means of funding not only past due but future re-image requirements throughout the 10-year plan.

Client Testimonial:

“Trinity helped us to navigate all of the dips, twists and sometimes frightful turns of a debt restructure, AND they did it with extreme professionalism and integrity.”
-Owner

 For more information on this transaction, please contact:

Chad Spaulding
Managing Director
310-231-3109  
cspaulding@trinitycapitalllc.com


Trinity's Services
Trinity Capital is a boutique investment banking firm that provides financial advice to middle market businesses regarding mergers and acquisitions, leveraged and management buyouts, debt restructuring and private placements of debt and equity. Since our inception in 2000, the firm has completed nearly $20 billion in successful transactions. Our primary focus is restaurants, including franchised operations and we have successfully closed over 250 transactions in this sector alone.

Please visit us at: www.trinitycapitalllc.com to learn more about us and how we can add value for your business.  Trinity Capital's 1st Q 2010 Restaurant Industry Commentary is available online here.


Conference Update

Trinity Capital is an active participant, sponsor and speaker at numerous industry conferences. Upcoming events include:

November 2010 - Trinity Capital is a conference sponsor and exhibitor at the 21st Annual Restaurant Finance and Development Conference in Las Vegas, November 8-10, 2010. Please stop by and visit us at our booth.  Kevin Burke will moderate a panel discussing on the current state of the M & A marketplace for restaurants. Panelists will discuss valuations, how deals are being financed and structured, and will provide tips for concluding a successful transaction. If you are attending and would like to make arrangements for an on-site meeting please call Jennifer Brown at 310.231.3113 to schedule a time.

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