Smashburger shores up coffers, puts off need for IPO

06/23/2013 | Wall Street Journal, The

Denver-based Smashburger secured a $35 million loan from Golub Capital which, together with previously raised financing and cash flow, gives the chain enough expansion capital for two or three more years without going public, said CEO David Prokupek. The news is disappointing to some investors who were hoping for a Smashburger IPO to follow Noodles & Company's offering, which may start trading as soon as this week.

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