Industry News | October 21, 2013
Cypress Represents Bryant in Wendy's Refinancing
The Cypress Group acted as the exclusive advisor to Bryant Restaurants Inc. in the refinancing of its 19 Wendy's restaurants. Bryant is a 30-year franchisee of the Wendy's system located in North Carolina and South Carolina. Cypress represented Bryant in identifying the opportunity for the refinancing, conducting a competitive process, structuring the transaction, and managing the closing. The refinancing of will be used to recapitalize current obligations, fund new unit development, and Image Activation upgrades. The financing was provided by RBS Citizens.
"We are very happy with Cypress and wish to continue with their strategic advisory and financial assistance. You can give out my number to anyone as a reference. I have no problem telling them to use you and your firm. The real value from Cypress comes from looking at the business from all angles. Once again, in my opinion, your advantage comes from your strategic advice,” says Richard Bryant, COO of Bryant Restaurants Inc. “Anyone can get you financing quotes, but you bring years of business experience specific to multi-unit franchise businesses. Most small companies start up as mom and pop organizations. In many instances, there is a void in understanding the steps to grow an organization. This is not to be undervalued, as that financial and strategic advice is just not in abundance."
Food & Beverage
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