C&R Restaurant Group, L.P. and CRRG Properties, LLC (collectively, "C&R”), owned and operated by long-time quick-service restaurant industry veterans Brian Cox and Mark Reed, has secured a total of $80.9 million of new loan commitments. The financing included a $60.0 million business term loan, a $6.0 million development line of credit and a $2.0 million revolving line of credit from City National Bank and Fifth Third Bank, as Joint Lead Arrangers, and a $12.9 million real estate term loan from First Horizon Bank. The loans were used to refinance the Company’s existing debt, fund a special dividend to shareholders and provide capital for a pending restaurant acquisition, new unit development and remodel of existing locations. C&R is a Costa Mesa, CA based restaurant operating company, which post the pending acquisition, will own and operate 45 Taco Bell restaurants in Southern California. Auspex Capital advised management on the structure of the credit facilities and acted as the debt placement agent to C&R for the transaction.