Senior Secured Credit Facility

Sector: Restaurants and Franchising

AB Private Credit Investors (AB-PCI) acted as administrative agent and sole lead arranger of a $53.5 million senior credit facility to recapitalize Tropical Smoothie Café, a portfolio company of 10 Point Capital. AB-PCI leveraged its strong expertise and knowledge in the restaurant and franchising industries to quickly and efficiently deliver a flexible senior credit facility. Comvest Credit Partners acted as Documentation Agent on the transaction.

Bob Bielinski, Managing Director of AB-PCI, said, “It’s exciting to partner with strong, growing brands like Tropical Smoothie Café and strategic equity partners like 10 Point. 10 Point has assembled a world class management team to continue to build on the strong momentum in the business.”

Scott Pressly, Managing Partner of 10 Point, said, “AB-PCI utilized its industry expertise to understand our business and its financing needs, and they delivered a flexible financing structure that met those needs.”

Founded in 1997, Tropical Smoothie Café franchises a chain of 712 fast casual restaurants in 43 states serving signature smoothies, sandwiches, flat breads and salads and is the third largest smoothie concept restaurant in the country.

10 Point Capital is an independent private equity firm located in Atlanta, GA. 10 Point has a 20+ year proven track record of accelerating growth and profitability for multi-unit and franchise brands.

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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.