Trinity Capital LLC served as the exclusive financial advisor to Pennant Foods, LLC, a Wendy’s franchisee with restaurants in California and Tennessee, in its securing of a new credit facility that refinanced indebtedness of the incumbent lender which had a rapidly approaching maturity date. Trinity assisted Pennant Foods, LLC in finding the best lending partner to provide flexible capital with optimal terms in light of the brand’s challenging historical performance.
"I have known Kevin Burke for over 15 years and his expertise in the food service industry was a great asset in helping us get our refinancing done. His team of dedicated professionals were extremely diligent in handling the process and interacting with all potential lenders on our behalf. They were advocates for us throughout the process and were instrumental in heling get the deal to the finish line. I would not hesitate to use them again in the future and to recommend them to others. Special thanks to David Stiles as the lead person on our deal – he really came up with some creative solutions to any issues that came up and he kept the process on track as we were on a very tight time frame."
Mike Cardinal, CEO, Pennant Foods, LLC