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Ed's Easy Diner secures debt to grow to 50 sites

06 October 2014 by
Ed's Easy Diner secures debt to grow to 50 sites

Ed's Easy Diner has secured a new £14m debt facility that the business hopes will take it to 50 sites ahead of a sale to a private equity business.

Stephen Greene, who led a buyout of the business five years ago told The Times that the new facility with NatWest was three times is previous £4.5m loan.

Greene told the paper that there were seven more openings in the pipeline to add to its existing 31 sites, with another 12 or 13 in legals.

New sites will include the first Ed's in Scotland, at Fort Kinnaird in Edinburgh, and the St Enoch Centre in Glasgow, and another at the National Indoor Arena in Birmingham.

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