Freddy's Frozen Custard receives loan for buyout by Thompson Street

Freddy's Frozen Custard & Steakburgers received a unitranche credit facility backing an acquisition of the company by Thompson Street Capital Partners.

Golub Capital was administrative agent, joint lead arranger and joint bookrunner on the GOLD (Golub Capital One-Loan Debt) financing, according to a statement from the companies today.

The St. Louis-based middle-market private equity firm acquired Freddy's from the remaining co-founders, Randy Simon and Scott Redler, according to a March 4 report in the Kansas City Business Journal.

Freddy's is a fast-casual restaurant concept known for steakburgers, hot dogs, shoestring fries and frozen custard. The company was founded in Wichita, Kan., and has since expanded to more than 360 franchised and company-owned restaurants in 32 states.