First Watch to acquire 15 of its franchise-owned restaurants for $49M

seekingalpha
11 Nov 2024
  • First Watch Restaurant (NASDAQ:FWRG) said it will acquire 15 of its franchise-owned restaurants for an aggregate purchase price of $49 million on a cash-free, debt-free basis.
  • The deal is expected to be close by mid-April of next year.
  • The transaction will be funded through cash on hand and available borrowings under the company’s credit facility.

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