March 2018 Monthly Deal Spotlight
March 2018 Monthly Deal Spotlight

Auspex Capital Secures $24,400,000 in Financing for Georgia-Texas for a Major Acquisition

Taco Tigers, LLC, Georgia-Texas Enterprises, Inc., Georgia-Texas Operating Co., Inc., and AUBE Operating Company, Inc., collectively, (“Georgia-Texas”), a Newnan, Georgia based Taco Bell franchisee, owned and operated by quick service restaurant industry veteran, Doug Augustine, has obtained a total of $24,400,000 of financing, including a $16,400,000 real estate secured term loan, a $4,000,000 real estate secured development line of credit, a $3,000,000 business secured development line of credit and a $1,000,000 business secured revolving working capital line of credit. 
The refinance was structured to extend the amortization on the existing debt to 25 years allowing the company to free up cash flow and collateral to pursue a major acquisition. The transaction also provides funding for remodels and new store development.  
Georgia Texas owns and operates 12 Taco Bell restaurants and the real estate underlying nine restaurants.  In addition to the 12 Taco Bell restaurants, Augustine, through various other entities also owns and operates 13 Wendy’s restaurants.
Auspex Capital, a long-time financial advisor to the company, acted as the financial advisor and debt placement agent to Georgia Texas for this transaction.

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