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 that, together with previously raised financing and cash flow, gives the chain enough expansion capital for two or three more years without going public, CEO David Prokupek said. The news is disappointing to some investors who were hoping for a Smashburger IPO to follow offerings from other restaurants.

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