Bain Capital Acquires Sizzling Platter for $500mln, to Fund Restaurant Expansion.

Sizzling Platter, a US restaurant franchisee, has announced a proposed offering of $500 million in senior secured notes due 2032 to fund Bain Capital Private Equity's acquisition of the company. The net proceeds from the offering will be used to repay existing indebtedness and pay related fees and expenses. The notes will be guaranteed by Sizzling Platter's subsidiaries. The offering is subject to market and other customary conditions.

Sizzling Platter, a leading U.S. restaurant franchisee platform, has announced a proposed offering of $500 million in senior secured notes due in 2032. The notes are part of a broader plan to fund Bain Capital Private Equity's acquisition of the company. The offering is subject to market and other customary conditions [3].

The net proceeds from the offering will be used to repay existing indebtedness, pay related fees and expenses, and cover general corporate purposes. The notes will be guaranteed jointly and severally by each existing and future wholly owned subsidiary of Sizzling Platter, excluding the co-issuer [3].

The notes are being offered to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in offshore transactions pursuant to Regulation S under the Securities Act. The notes have not been and will not be registered under the Securities Act or any state or other jurisdiction’s securities laws [3].

The proposed offering comes at a time when Sizzling Platter is seeking to optimize its capital structure and potentially enhance its financial flexibility. The ability to secure senior secured financing at this juncture suggests confidence in the company's ability to service its debt obligations and maintain its operational integrity.

Forward-looking statements included in the press release highlight the potential risks and uncertainties associated with the proposed acquisition and the ability to complete the offering on favorable terms. These statements include the potential impact of market conditions on the offering and the overall financial health of Sizzling Platter post-acquisition [3].

References:
[1] https://www.stocktitan.net/news/SACH/sachem-capital-announces-closing-of-new-100-million-of-senior-ri9wmqy21noo.html
[2] https://www.gurufocus.com/news/2923252/sachem-capital-announces-closing-of-new-100-million-of-senior-secured-notes-sach-stock-news
[3] https://www.businesswire.com/news/home/20250616652930/en/Sizzling-Platter-Announces-Proposed-Offering-of-%24500-Million-Senior-Secured-Notes-to-Finance-Acquisition-by-Bain-Capital-Private-Equity