facebook
twitter
search
search

ADF becomes No. 2 Pizza Hut owner in U.S.

Dec. 5, 2006 at 3:26 PM

ANN ARBOR, Mich., Dec. 5 (UPI) -- The ADF Companies have bought 165 Pizza Hut restaurants in the United States for a total of about $115 million.

With these acquisitions, the ADF Companies are the second-largest Pizza Hut franchisee in the United States, company officials said in a news release Tuesday.

Ares Capital Corporation provided the senior debt and a line of credit.

Spirit Finance Corporation provided initial bridge financing and certain other financing. Capital Growth Advisors LLC, which is based in Ann Arbor, Mich., provided financial advisory services.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Houston-based LINN leaves Texas shale
Australian troops to receive new rifle variant
Saab joining BAE Systems, Patria in bid to produce armored vehicle
Gas prices could go up, AAA says
Kurdish government in Iraq selling more oil