GC Wen Management Corporation (“GC Wen”), a Sea Girt, New Jersey-based Wendy’s franchisee owned and operated by long-time franchisees Gaspar and Christina Giordano, has secured a total of $26,200,000 of financing, including a $13,900,000 senior secured term loan, a $7,300,000 senior secured real estate term loan and a $5,000,000 development/remodel line of credit.
Gaspar Giordano, President of GC Wen, had the following comments about the level of service provided by the Auspex team: “Auspex was invaluable in helping us navigate through the uncertainties of the last few months. Their knowledge and experience were critical to the successful execution of this deal.”
The financing was completed in partnership with M&T Bank. Auspex Capital acted as the financial advisor and debt placement agent to GC Wen for this transaction.
Kent McClintock, Vice President at M&T Bank, had the following comments about the transaction: “Auspex has been very helpful in working with us and the client through the current crisis to reach a successful closing. We are thrilled to be able to execute for a franchisee we have known and respected for a long time.”