Five Guys is set to unveil a £185m refinancing deal to push ahead with plans to open new restaurants across the UK.
The agreement, which sources have said is likely to be announced today (23 July), will see the burger chain entering into a debt deal until 2030 with lenders, including big high street banks, Sky News reported.
Five Guys Europe CEO John Eckbert told the news organisation: “The latest capital injection will be instrumental in accelerating our expansion strategy.”
Five Guys has opened more than 170 restaurants across the UK since its launch in 2013. It is understood that the burger brand will now look to open a greater number of drive-thru sites, both in the UK and in other European locations.
Eckbert added: “Securing additional debt capital at a more favourable rate in today’s market is a significant accomplishment.
“This £185m refinancing transaction is a testament to the strength of the Five Guys brand and our successful operational performance.”
The deal comes at a challenging time for the hospitality sector which, just last week, warned the UK government it was in danger of being “taxed out” as a result of the 2024 budget.
In a letter to PM Keir Starmer, UKHospitality said changes in the budget, including increases to employers’ National Insurance contributions, directly contributed to a reversal in the sector’s ability to create jobs. Between October 2024 and May 2025 the sector lost 69,000 jobs, according to the trade association.
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