Raising Cane’s has received a $25 million revolving line of credit from GE Capital Franchise Finance, allowing for a refinancing of the chicken finger chain’s existing facility and amending a $21.6 million term loan. Founded in 1996 in Baton Rouge, Raising Cane’s now has 110 locations throughout 16 states and is slated to open nine more restaurants by the end of 2011. The company remains headquartered in Baton Rouge, but also has an operations office in Plano, Texas. A Raising Cane’s representative did not return calls by this morning’s deadline to comment on the line of credit and refinancing plan.
Cane’s refinances with new line of credit
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