Cedar Croft Consulting Advises Ted’s Hot Dogs on Senior Debt Refinancing
NEW YORK (Nov. 5, 2024) – Cedar Croft Consulting Inc., a leading turnaround management and financial advisory firm in North America, has acted as a financial advisor for Ted’s Hot Dogs‘ recent senior debt refinancing.
Ted’s Hot Dogs, a beloved restaurant chain since 1927, is based in Buffalo, New York. It is famous for its charcoal-broiled hot dogs and traditional American cuisine. Today, nearly a century after establishing the first store, the family-owned and operated business has grown to nine locations across Western New York, a Charcoal Chariot Food Truck, and a store in Tempe, Arizona.
Cedar Croft Consulting worked closely with Ted’s Hot Dogs management team to assess financing options and negotiate favorable terms with lenders. The refinancing was designed to enhance Ted’s liquidity and financial flexibility, supporting the company’s growth and operational needs.
“We’re grateful for the expertise and dedication Cedar Croft Consulting brought to this process,” said Evan Ortolani, President of Ted’s Hot Dogs. “This refinancing provides us with the stability and resources needed to continue serving our customers with the quality and tradition they expect while positioning our brand for future growth.”
“We are very pleased to have assisted Ted’s Hot Dogs in securing this crucial refinancing,” said Patrick Walsh, President and Managing Director of Cedar Croft Consulting. “This transaction enhances Ted’s financial position for ongoing success in serving loyal customers and growing their iconic brand.“
Cedar Croft Consulting provides turnaround management, restructuring, and financial advisory services to midmarket manufacturers, distributors, retailers, and service providers based in North America. The firm’s seasoned professionals work with mid-size business operations to enhance operations, manage cash flow effectively, and implement strategies focused on increasing profitability and stakeholder value.
For more information, visit: cedarcroftconsulting.com.
Media Contact: Laurie Pehar Borsh, la****@ce******************.com.
