SA Food Service, LLC (“SAFS”) and DC Management Utah, LLC (“DCMU”) (collectively “SADC”), has obtained a total of $32,000,000 in new loan commitments to refinance its existing debt and provide funds for acquisition, development and remodels.
SADC, owned by long-time franchisees Ajay Chopra and Sunny Datta, currently operate 43 Arby’s restaurants located in California, Oregon, Utah and Washington. The loan commitments included an $18,000,000 term loan, an $11,000,000 delayed draw term loan and a $3,000,000 development/remodel line of credit.
Ajay Chopra had the following comments about the execution of the transaction by the Auspex team:
