Urban Plates, a Cardiff, California-based, upscale fast casual restaurant brand, closed a $38m growth and working capital facility.
Goldman Sachs Specialty Lending Group provided the financing.
The company will use the proceeds to expand the brand by building new restaurants in various geographic areas around the country.
Founded by and industry veterans Saad Nadhir and John Zagara, Urban Plates has a philosophy combining a modern food marketplace with a fine-dining culinary experience. It provides fresh, meals, entrée salads, hand-carved sandwiches, hot and chilled sides, seasonal soups and braises, as well as natural juice Replenishers and desserts.
The brand operates 15 locations, including 13 California restaurants and two East Coast restaurants in the Washington D.C. area.