Rabobank played a leading role in the California Pizza Kitchen (CPK) $195 million senior secured debt refinancing announced by the company in October 2021.

The financing will give CPK additional flexibility to build on its business momentum, including strong consumer demand for its core menu categories and significant growth in its off-premise business. The national restaurant chain operates in the polished casual dining space with a focus on fresh ingredients and innovative, on-trend menu items. The company restructured in late 2020 and is looking to expand its global footprint and continue to introduce menu innovations.

The financing, which was provided by Rabobank and Canyon Partners, resulted in a significant reduction in interest expense and reduced leverage. The refinancing of the company’s current credit facilities includes a $15 million RLOC, a $170 million TL and a $10 million DDTL (Rabobank holds 100% of the RLOC).

About Rabobank

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 38 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $765 billion in assets. In the Americas, Rabobank is a premier bank to the food and agriculture industry, as well as a leading project financier of solar, wind, bioenergy, and energy infrastructure projects, providing in-depth knowledge and expertise as well as full arranging, underwriting and syndication capabilities. Rabobank has financed more than 6GW of renewable energy projects to date and is dedicated to supporting the financing of the energy transition and new clean technologies. Additional information is available on our website or on our social media platforms, including Twitter and LinkedIn.

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Rabobank Contact:

Catharine Rossano

(212) 808-2576