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CNL Provides $22.2 Million Financing for Quality Dining Inc.


ORLANDO, Fla.--(BUSINESS WIRE)--Oct. 13, 1999--

CNL CNL CityNightLine (German Rail)
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 American Properties Fund Inc. ("CNL") reported Wednesday that it has provided approximately $22.2 million of debt financing Debt Financing

When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay
 to Quality Dining Inc. to assist in the financing of seven Burger King(r) and nine Chili's Grill Grill may refer to:

In food:
  • Grill (cooking), a device or surface used for cooking food, usually fueled by gas or charcoal.
  • Grilling, a form of cooking that involves direct heat.
  • A restaurant that serves grilled food, such as a "bar and grill".
 & Bar(r) restaurants.

The 16 restaurant properties are located in Indiana, Michigan, Ohio, New Jersey and Delaware. The transaction was in conjunction with additional financing provided by Captec Financial Group Inc.

"As one of the top, multi-brand operators, we are extremely pleased to assist this exceptional organization in its financing needs," said John T. Walker, president of CNL American Properties Fund Inc. "We look forward to continuing our relationship with this dynamic company that typifies quality products and strong management."

CNL is a recognized leader in providing financing to the restaurant industry. CNL offers single-source access to customized sale leaseback A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner.  and debt financing, as well as turn-key, real estate development, construction management, and strategic advisory services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
. CNL has financed or manages over $2.0 billion in restaurant and real estate assets in 48 states.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 13, 1999
Words:178
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