Parker’s Kitchen closed Nov. 8 on a $900 million syndicated credit facility that will enable the convenience-store retailer to expand its geographic footprint. Bryan Cave Leighton Paisner (BCLP) served as legal counsel to Parker’s Kitchen in connection with obtaining the loan from the undisclosed group of lenders, the St. Louis-based law firm said.
Parker Cos. is No. 86 on CSP’s 2024 Top 202 ranking of U.S. c-store chains by store count.
Parker’s Kitchen, based in Savannah, Georgia, operates more than 90 convenience stores in Georgia and South Carolina. The credit facility will support strategic growth within the company's existing footprint and in new markets including Jacksonville, Florida, Myrtle Beach, South Carolina, and Columbia, South Carolina, BCLP said.
“This credit facility will enable the company to expand in key markets and to continue to give back to the community in meaningful ways with a focus on supporting education, reducing hunger, expanding access to healthcare and celebrating heroes,” BCLP said in a statement.
CSP reached out to the c-store chain for comment but did not receive an immediate reply.
Braden Shaw led the BCLP deal team, with critical contributions from associates Joe Babitz and Caroline Jones. Specialists from across the firm provided additional support, including partners Erin Brooks, Tim Glasgow and Jay Latzak, as well as associates Nora Faris and Meredith Barrow.
The client relationship with Parker’s Kitchen is managed by partner Terry Childers.
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