OREANDA-NEWS. June 28, 2012. GE Capital, Franchise Finance recently provided a USD 6.7 million credit facility to Pizzerias, LLC, a Papa John’s franchisee. The funding is being used to refinance existing debt. A portion of the funding was provided through GE Capital’s bank affiliate, GE Capital Bank.

 “GE Capital presented the idea of a recapitalization and we were very pleased with the overall deal structure and with the quick closing process,” explained Ricky Warman, president, Pizzerias, LLC.

 Pizzerias operates 31 Papa John’s locations in the Miami market.

 “We specialize in helping strong operators like Pizzerias, LLC with creative financing solutions,” said Mike Mitchell, vice president, GE Capital, Franchise Finance. “By coupling our existing relationship with the company along with our knowledge of the Papa John’s brand, we were able to offer Pizzerias, LLC a recapitalization that worked for all parties.”

 Papa John's International, Inc. is the third largest pizza company in the world, based on system-wide sales, with more than 3,400 restaurants worldwide. In 2009, they were named one of the Fastest-Growing Franchises by Entrepreneur Magazine.