Bain Raises About $1 Billion of Debt for Sizzling Platter Buyout

Bain Capital has raised about $1 billion of term loans and bonds to fund its acquisition of Sizzling Platter, a restaurant franchisee that operates locations of chains including Little Caesars, Dunkin’, Jersey Mike’s and Wingstop, according to people with knowledge of the matter.

The $425 million seven-year first-lien term loan priced at 5 percentage points over the Secured Overnight Financing Rate and sold at a discount of 97 cents on the dollar, said one of the people, all of whom asked not to be identified discussing private information.