CI’s Role:
The bankers of CI acted as the exclusive financial advisor to Food Fast Corporation (“Food Fast”) in the recapitalization of the corporate balance sheet and the sale and leaseback of real property assets. Food Fast is a 70+ unit convenience store and retail petroleum operator located in the Southern United States. CI employed a strategy to sell real-property assets in order to (i) reduce onerous financial covenants; and (ii) improve credit ratios related to debt coverage, debt-to-equity and debt-to-cash-flow in order to allow for future growth. Services included the marketing, sale and leaseback of real property assets, tax planning, negotiation and execution of selected course of action.