Join Club Veg
Get $75 in savings this year!
Follow Us
Facebook Twitter Our Blog

GARDEN FRESH ANNOUNCES SUCCESSFUL REFINANCING

by Rick Van Warner on Monday, October 28, 2013 · 1 comment

in Company News,Industry News,Press Releases

SAN DIEGO, October 28, 2013 – Garden Fresh Restaurant Corp. announced today that it has successfully completed a refinancing of its debt facilities that provides the resurgent company with additional flexibility to drive growth. As part of the refinancing the company announced that its primary ownership group had provided a new cash infusion.

“This refinancing solidifies our capital base and gives us the opportunity to accelerate the significant improvements we continue to make in our business,” said Garden Fresh CEO David Goronkin, who joined the Souplantation and Sweet Tomatoes parent during mid-2012. “We have an outstanding executive group in place, our restaurant teams are fired up and improving execution, and we now can turn 100 percent of our focus to continuing to elevate our brands and setting the stage for new growth.”

The refinancing, which was led by Garden Fresh CFO John Morberg and his team, includes more than $135 million of new capital funding. Proceeds from the refinancing were used to retire existing debt and provide additional liquidity for growth.

Tweet This

{ 1 comment… read it below or add one }

Jeff Pike Wednesday, October 15, 2014 at 10:03 am

Fantastic. How about a Sweet Tomatoes in the northeast??? NY NJ Ct all work.

Reply

Leave a Comment

Previous post:

Next post:

Discover Fresh Abundance


Let's just say within 24 hours of being in the ground, it's on a refrigerated truck on its way to us. Our food is made from scratch every day. Our salad bar buffet features over 50 fresh ingredients, including specialty tossed and prepared salads. In addition to salads, we server original recipe hot pastas, hand-crafted soups, scratch-made muffins, and Focaccia breads in our hot buffet. Create. Indulge. Enjoy.


© 2014 Garden Fresh Restaurant Corp.
All Rights Reserved.

Explore Our Site


Online Community


Join Club Veg
Fresh Ideas Blog
Facebook Twitter