Unitranche Credit Facility

Joint Lead Arranger, Joint Bookrunner | March 2021

Sector: Restaurants and Franchising

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Joint Bookrunner for senior credit facilities to support the acquisition of Freddy’s Frozen Custard & Steakburgers (“Freddy’s”) by Thompson Street Capital Partners (TSCP). AB-PCI’s deep experience in restaurants and franchising and its strong relationship with TSCP resulted in a flexible financing solution that has significant capacity for growth.

Founded in 2002 with its first company-owned location in Wichita, Kansas, Freddy's restaurants feature steakburgers, shoestring fries and freshly churned frozen custard.

The company’s family friendly restaurants focus on premium quality ingredients, cooked-to-order food and best-in-class hospitality. Freddy’s award-winning system has rapidly expanded to more than 360 franchised locations and over 30 company-operated restaurants spanning more than 30 states nationwide.

TSCP is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses. TSCP has acquired more than 150 companies in the Healthcare & Life Science Services, Software & Technology Services and Business Services & Engineered Products industries and has managed more than US$2.6 billion since being founded in 2000.

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Brent Humphries

President and Founding Member

Daniel Weiss

Managing Director

Robert Bielinski

Managing Director

Justin Grimm

Managing Director

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