On December 15, 2022, Foodtastic Inc., a prominent Canadian restaurant brand franchisor, has closed a $175 million revolving debt facility to fund future acquisitions. The lending group leading this financing is composed of several prominent financial institutions including the National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank, Canadian Western Bank, and the Business Development Bank of Canada. The commitments for this facility were oversubscribed, and Foodtastic expects to expand it to support additional growth. This debt is on top of the existing equity investment from Restaurant Royalty Partners, a joint venture between Oaktree Capital Management, L.P., and JHR Capital LLC. Foodtastic's CEO, Peter Mammas, expressed enthusiasm for the new funding, stating it will enable the inclusion of more leading restaurant brands in the company's portfolio and emphasized Foodtastic's reputation as a preferred buyer in North America. The structure of the debt deal illustrates a collaborative approach among major Canadian banks, highlighting confidence in Foodtastic's growth strategy.