Bain Capital Pitches Sizzling Platter Buyout Debt at 10% Yield

Private equity firm Bain Capitalis dangling a yield of nearly 10% on a leveraged loan sale that will help fund its buyout of Sizzling Platter, a restaurant franchisee that operates locations of chains including Little Caesars, Dunkin’, Jersey Mike’s and Wingstop.

The first part of the debt financing — $505 million of loans — is just getting underway, and a $500 million bond offering is expected to be launched soon, according to a person with knowledge of the matter.

The loan portion is in two parts, and the $425 million seven-year first-lien term loan is being offered at ...