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NI KFC Franchise Operator Lands €30.7m Refinancing Deal

Published on Sep 28 2017 3:02 PM in Restaurant tagged: Northern Ireland / KFC / Herbert Group / Danske Bank / Jason Carlisle

NI KFC Franchise Operator Lands €30.7m Refinancing Deal

The Herbert Group, operator of central Europe's largest KFC franchise, has agreed the terms of a €30.7 million refinancing deal with Danske Bank for the purpose of supporting new investment and expansion plans.

The Irish Times reports that the Belfast-based company recently acquired a further 27 KFC outlets, with an eye to opening 20 more with funds from the new financing arrangement.

There are also plans in place to institute a KFC home delivery service in Northern Ireland, which is expected to generate 80 new jobs.

Herbert Group finance director Jason Carlisle referred to the recent acquisitions as a "strategic move" and declared that the Danske Bank refinancing deal would give the group a "platform and funding structure to pursue further acquisitions."

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