Banks Shop Over $1 Billion in Debt for Little Caesars Franchisee

A group of Wall Street banks, led by Jefferies Financial Group Inc. and UBS Group AG, have started pre-marketing more than $1 billion of debt to fund Bain Capital’s acquisition of restaurant chain operator Sizzling Platter, according to people with knowledge of the matter.

The proposed debt financing is split up across a $505 million term loan and $400 million in secured notes, said the people, who asked not to be identified discussing private information. It’ll also include a $150 million first lien delayed draw term loan and a $175 million revolver, they said.

Bain Capital agreed ...