Sizzling Platter $350 million high-yield notes and $65 million credit facility
11/25/2020

Davis Polk advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Sizzling Platter, LLC and Sizzling Platter Issuer Corporation of $350 million aggregate principal amount of 8.500% senior notes due 2025. Davis Polk also advised the administrative agent, in connection with a $65 million senior secured revolving credit facility to Sizzling Platter, LLC. The notes and revolving credit facility are guaranteed by Sizzling Platter’s holding company and certain of its subsidiaries.

Sizzling Platter is one of the largest franchisee platforms in the United States and operates nationally recognized restaurant concepts such as Little Caesars, Wingstop and Dunkin’. It currently operates 498 restaurants across fifteen states and Mexico.

The Davis Polk capital markets team included partner John B. Meade and associates John H. Runne, Michael F. Power and Prudence Ng. The Davis Polk finance team included partner Jason Kyrwood, counsel Mayer J. Steinman and associate Amarilice C. Young. Counsel Kiara L. Rankin provided tax advice. Partner Frank J. Azzopardi and associate Jesse L. Hallock provided intellectual property advice. All members of the Davis Polk team are based in the New York office.