On November 1, 2018, CraftWorks Restaurants & Breweries ("CraftWorks", or the "Company"), a portfolio company of Centerbridge Partners, L.P. ("Centerbridge"), obtained a new $130 million term loan in conjunction with its acquisition of Logan's Roadhouse, Inc. ("Logan's").
Duff & Phelps served as buy-side financing advisor and placement agent to CraftWorks Restaurants & Breweries in conjunction with raising a $130 million first lien term loan credit facility.
About CraftWorks Restaurants & Breweries
Headquartered in Broomfield, Colorado, CraftWorks is a leading operator of brewery and craft beer-focused casual dining restaurants. The Company has 189 corporate and franchise restaurants in 36 states and the District of Columbia, across brands such as Old Chicago Pizza & Taproom, Rock Bottom Restaurants & Breweries, Gordon Biersch Brewery Restaurants and Big River Grille & Brewing Works among other brands.
About Centerbridge Partners, L.P.
Centerbridge Partners is a private investment management firm employing a flexible approach across investment disciplines – from private equity to credit and related strategies, and real estate – in an effort to find the most attractive opportunities for its investors and business partners. With offices in New York and London, the firm was founded in 2005 and as of June 2018 has approximately $28 billion in capital under management. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives.
About Logan's Roadhouse, Inc.
Logan's Roadhouse is a leading casual dining steakhouse headquartered in Nashville, Tennessee. Offering mesquite wood-fire grilled steaks, signature yeast roll and American-inspired signature favorites for over 25 years, Logan's has 204 corporate and franchise restaurants in 22 states.