QDOBA Completes Whole Business Securitization, Providing Additional Liquidity to Supercharge Growth
QDOBA Restaurant Corporation (“QDOBA”), the leading fast-casual Mexican restaurant franchisor and portfolio company of Butterfly Equity (“Butterfly”), today announced the closing of its inaugural $305 million whole business securitization through Qdoba Funding LLC.
- QDOBA Restaurant Corporation (“QDOBA”), the leading fast-casual Mexican restaurant franchisor and portfolio company of Butterfly Equity (“Butterfly”), today announced the closing of its inaugural $305 million whole business securitization through Qdoba Funding LLC.
- The transaction optimizes QDOBA’s capital structure for ongoing growth and provides meaningful interest expense savings.
- Despite industry headwinds, QDOBA was also able to achieve 6% positive systemwide same store sales growth in fiscal year 2023, ending October 1st.
- “Under Butterfly's ownership, QDOBA has continued to accelerate and emerge as the leading Mexican franchisor uniquely suited for this transaction,” stated Francesco D’Arcangelo, Principal at Butterfly.