August 18, 2015
American West Restaurant Group Completes $121 Million Debt Financing
November 18, 2015 — Sterling Investment Partners ("Sterling") is pleased to announce that its portfolio company American West Restaurant Group, LLC ("AWRG" or the “Company”) has completed a $121 million debt financing. Proceeds from the refinancing were used to (i) refinance the Company’s existing debt, (ii) provide a cash distribution to unitholders, (iii) fund the acquisition of 31 Pizza Hut franchised stores in Orange County California, and (iii) pay related fees and expenses. The debt financing was led by Wells Fargo Bank.
AWRG, formerly known as Southern California Pizza Company, is the third largest Pizza Hut franchisee in the United States, and the largest Pizza Hut franchisee in California and Utah. AWRG operates approximately 260 Pizza Hut quick service restaurants (“QSRs”) in California and 39 QSRs in the greater Salt Lake City, Utah market.
About Sterling Investment Partners
Sterling Investment Partners is a private equity firm with a highly experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Sterling has over $1.5 billion in initial fund commitments. Over its history, Sterling has completed platform investments, strategic or add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $12.2 billion, representing more than 100 transactions. Key industries Sterling focuses on include business services, industrial and consumer value-added
distribution, niche manufacturing, and transportation and logistics. www.sterlinglp.com