The Deal Spotlight: SPECIAL EDITION
Auspex Capital Secures a New $302.8 Million Senior Secured Credit Facility for Meritage Hospitality Group
Auspex Capital advised management and acted as the debt placement agent to Meritage Hospitality Group Inc. (OTCQX: MHGU) on its new senior secured credit facility transaction.  The new $302.8 million credit facility includes term debt of $181.8 million, a development line of credit of $86.0 million and a revolving line of credit of $35.0 million. The expanded credit facility, along with its improved terms and conditions, will support management’s plan of owning and operating 600 restaurants by 2026, including 400 Wendy’s, multiple scalable home-grown brands and potentially other national QSR concepts. The Company continues to invest in significant enhancements to its existing operating platforms in preparation for continued growth driven by renovations, new restaurant development and acquisitions.

Tracey Smith, CFO, had this to say about the transaction: “It was a pleasure working with the team.  Having Auspex advise on the facility allowed us to focus on continuing to grow and manage our core business while they negotiated, placed credit and secured great terms.  All around very pleased with where we landed on the refinance.  We look forward to working together in the future.”

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