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Now I know

Discussion in 'Carolina Panthers' started by Sackem90, Aug 6, 2009.

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  1. Aug 6, 2009 at 11:18 AM #1
    Sackem90

    Sackem90 Misplaced Panthers Fan

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    Now I know why Bojangles is so heavily featured in BOAS and Jake is in so many ads:

    Wednesday, Aug. 05, 2009
    Bojangles' secures $70 million refinancing
    The Charlotte Observer

    Falfurrias Capital Partners, a Charlotte-based private equity firm, today said it obtained a $70 million refinancing for Bojangles' Restaurants Inc., a move that reduces debt and lowers interest costs for the fast-food restaurant chain.

    A banking group led by Bank of America Corp. and Wells Fargo & Co. provided the senior-term loan and credit facility in the transaction. BB&T Corp. and Regions Financial Corp. also participated.

    Falfurrias, founded by former Bank of America Chairman Hugh McColl Jr. and the bank's former chief financial officer Marc Oken, bought a controlling interest in Charlotte-based Bojangles' in September 2007 as part of an investment group that also included Carolina Panthers owner Jerry Richardson.

    “This favorable transaction, secured despite a difficult credit market, gives Bojangles' the flexibility of using its strong cash position to further reduce its debt,” Oken said in a statement.

    Privately-owned Bojangles' said it posted strong earnings growth on a 7 percent increase in sales in the first half of this year. Last year, the restaurant chain said it had systemwide sales of $608 million, which included results from 276 franchised locations.
     
  2. Aug 6, 2009 at 11:44 AM #2
    Internet Explorer

    Internet Explorer Full Access Member

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    Most of us already knew.
     
  3. Aug 6, 2009 at 12:04 PM #3
    chipshot

    chipshot Full Access Member

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    I doubt he gives them any discount on advertising. He's got that setup nicely.
     
  4. Aug 6, 2009 at 12:08 PM #4
    y2b

    y2b King of QC

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    didn't the richardson group just buy into that last year?
     
  5. Aug 6, 2009 at 12:28 PM #5
    Sackem90

    Sackem90 Misplaced Panthers Fan

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    Some of us didn't, Asshat!


    People like you are the reason nobody is on here anymore.
     
  6. Aug 6, 2009 at 12:46 PM #6
    LarryD

    LarryD autodidact polymath

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    i didn't know that :hilljack:
     
  7. Aug 6, 2009 at 1:01 PM #7
    QC REPRESENT

    QC REPRESENT Full Access Member

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    watch the name calling bitch
     
  8. Aug 6, 2009 at 1:46 PM #8
    y2b

    y2b King of QC

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    yeah you too fuckface
     
  9. Aug 6, 2009 at 2:09 PM #9
    Internet Explorer

    Internet Explorer Full Access Member

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    Pretty damn touchy ain't you? The article you posted clearly indicated (as I bolded) that the transaction occured almost 2 full years ago. Maybe a few people were aware of it? Maybe? It wasn't a secret when it happened. I'll admit to stretching when I said "most" but I'm quite surprised that you and others just became aware.

    And touchy bitches like you are why some people like me are on here. Pure entertainment.
     
    Last edited: Aug 6, 2009
  10. Aug 6, 2009 at 2:16 PM #10
    y2b

    y2b King of QC

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    stfu
     
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