Qdoba Restaurant plans new debt financing for buyout by Apollo

By Sara Rosenberg

New York, Dec. 20 – Qdoba Restaurant Corp. has received a commitment for debt financing to help fund its acquisition by Apollo Global Management LLC, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Under the agreement, Qdoba is being bought from Jack in the Box Inc. for about $305 million in cash, subject to customary closing conditions and adjustments.

Other funds for the transaction will come from equity.

Closing is expected by April 2018.

Qdoba Restaurant is an operator and franchiser of Qdoba Mexican Eats restaurants.

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