GE Capital Provides Growth Financing to Texas Roadhouse Franchisee Armadillo Ventures

  GE Capital Provides Growth Financing to Texas Roadhouse Franchisee Armadillo
  Ventures

Business Wire

SCOTTSDALE, Ariz. -- February 13, 2014

GE Capital, Franchise Finance has provided Armadillo Ventures, LLC, a Texas
Roadhouse franchisee, with a $12 million senior credit facility comprised of a
$9 million term loan and a $3 million development line of credit. The funds
will be used to refinance existing debt and to build and operate a new
restaurant location.

Founded in 1997, Armadillo Ventures owns six Texas Roadhouse locations in
Maryland and Delaware. GE Capital has had a relationship with Armadillo since
2003. Texas Roadhouse, Inc. is a full-service chain that operates more than
400 restaurants in 48 states and internationally, of which 330 are co-owned
and 75 are franchised.

“We greatly appreciate the time and effort that GE Capital takes to continue
to build a strong working relationship with us,” said John Altomare, the
operating principal of Armadillo Ventures, “and to put together this financing
package.”

“Successful operators like Armadillo Ventures have a real entrepreneurial
spirit and are always looking for opportunities to build their business,” said
Daniel Nunes, a senior vice president with GE Capital, Franchise Finance. “We
help them grow with reliable financing, smart digital tools to find new market
opportunities, and deep restaurant industry expertise.”

About GE Capital, Franchise Finance

GE Capital, Franchise Finance is a leading lender for the U.S. franchise
finance market via direct sales and portfolio acquisitions. With more than 30
years of experience and over $7 billion in served assets, it provides
financing to more than 2,000 customers and 14,000 properties. The business
specializes in financing mid-market operators with multiple stores in the
restaurant and hospitality industries. Its team of industry experts helps them
realize their individualized growth plans. GE Capital, Franchise Finance
customers also receive access to its proprietary industry research and
cutting-edge digital tools. For more information, visit
http://www.gefranchisefinance.com or follow company news via Twitter
(https://twitter.com/GELendLease).

GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (https://twitter.com/GECapital).

GE (NYSE:GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

Contact:

GE Capital, Americas
Lisa Tibbitts, 203-956-4582
lisa.tibbitts@ge.com
 
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