Del Taco

New Del Taco Franchisees to Help Push Brand East

Setting the stage for its latest growth surge, Del Taco now has seven new franchise groups committed to developing 39 new restaurants across the country, including in Central California, Colorado, Georgia, New Mexico, South Carolina, and Texas. Simultaneously, the company announced five new markets for multiunit development and a search for new franchise partners.

The news comes as Del Taco continues its ambitious growth beyond its Southern California roots to new markets to the East with new franchisees as well as new company restaurants.

Del Taco Exec Joins LBA to Build New Units in AL, FL

Larry Blumberg and Associates (LBA), a company providing comprehensive real estate and business services for hospitality and restaurant groups, has named Barry Barnhart as vice president, restaurant operations, a new company position.

Barnhart has been in the restaurant business for 43 years. He comes to LBA from Del Taco’s corporate office in Lake Forest, California, where he served with distinction as vice president of franchise operations. 

New Menus, Ads Usher In Del Taco's Next Growth Phase

Paul Murphy, CEO (left), and John Cappasola, chief brand officer, are guiding Del Taco through a brand refresh.

Having been in refresh mode for more than year, Del Taco is ready to enter the final phase of a major brand upgrade that has so far included new store and branding designs, as well as operational tweaks at the corporate office.

This week, the Lake Forest, California­–based brand launched two new menus, Buck & Under and New Tastes, and a promotional campaign, “UnFreshing Believable,” that focus on Del Taco’s low price points and fresh ingredients.

Del Taco Completes $215M Debt Refinancing

Del Taco Holdings announced the completion of a debt refinance transaction. 

The transaction, led by GE Capital, Franchise Finance, features new senior credit facilities, which include a $175 million term loan and a $40 million revolving line of credit.

Net proceeds were used to refinance the company’s existing senior credit facility and for a partial redemption of its senior subordinated debt.

Del Taco Sets Sights on Austin, Texas

Del Taco is setting its sights on Austin, Texas, as the next growth target in Texas as it continues its steady, fast-moving march through the state.

The popular Mexican quick-serve chain announced plans to open restaurants in Austin with the first one located at 1400 E. Whitestone Blvd., near the 183 Toll Road in Cedar Park, which is expected to open in November.

A second location in Round Rock will follow in early 2013. 

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