Parker's Kitchen Secures $900 Million Credit Facility
Deal News | Dec 10, 2024 | Bryan Cave Leighton Paisner LLP
Bryan Cave Leighton Paisner LLP (BCLP) has advised Parker's Kitchen in securing a $900 million syndicated credit facility, which closed on November 8, 2024. Parker's Kitchen, an esteemed convenience and food service company recognized by USA TODAY and Inc. 5000, aims to utilize this financial resource to bolster strategic growth across its core markets in South Carolina and Georgia, while also entering new territories such as Jacksonville, Florida, and Myrtle Beach, South Carolina. The funding will additionally enable the company to maintain its community support initiatives focusing on education, healthcare, hunger reduction, and hero celebration. Key legal guidance for Parker's Kitchen was delivered by BCLP, led by Partner Braden Shaw, with significant input from Associates Joe Babitz and Caroline Jones, among others.
Sectors
- Food and Beverage
- Finance
- Legal Services
Geography
- United States – The article refers to Parker's Kitchen operations and expansion within the US, specifically in Georgia, South Carolina, and Florida.
Industry
- Food and Beverage – The article discusses Parker's Kitchen, a company operating in the convenience and food service sector, indicating its involvement in the Food and Beverage industry.
- Finance – The arrangement of a $900 million credit facility places this transaction firmly within the Finance industry.
- Legal Services – Bryan Cave Leighton Paisner LLP provided legal counsel, indicating involvement in the Legal Services industry.
Financials
- 900000000 – The amount of the syndicated credit facility secured by Parker's Kitchen.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Parker's Kitchen | Company receiving the credit facility | Companies | An award-winning convenience and food service leader aiming to expand its operations with the newly secured credit. |
| Bryan Cave Leighton Paisner LLP | Legal advisor | Companies | Provided legal counsel to Parker's Kitchen for the credit facility transaction. |
| Braden Shaw | Partner at BCLP leading the deal | People | Led the legal team at BCLP advising on the transaction. |
| Joe Babitz | Associate at BCLP | People | Contributed to the legal advisory team. |
| Caroline Jones | Associate at BCLP | People | Contributed to the legal advisory team. |
| Erin Brooks | Partner at BCLP | People | Provided specialized legal support for the transaction. |
| Tim Glasgow | Partner at BCLP | People | Provided specialized legal support for the transaction. |
| Jay Latzak | Partner at BCLP | People | Provided specialized legal support for the transaction. |
| Nora Faris | Associate at BCLP | People | Provided additional legal support. |
| Meredith Barrow | Associate at BCLP | People | Provided additional legal support. |
| Terry Childers | Partner at BCLP managing the client relationship | People | Manages the client relationship with Parker's Kitchen. |