The cash, alongside the company’s existing support from TDR Capital which last year took a majority stake in the business, will provide Popeyes UK ‘with the flexibility to build on its success in the UK to date and execute its expansion plans over the coming years’.
Since arriving in the UK in 2021, Popeyes UK has seen sustained growth across its business and now operates more than 80 sites.
The company hopes to open a total of 45 new restaurants this year, which will see its UK footprint almost doubled.
“Barclays are a highly supportive banking partner of Popeyes in the UK,” says Popeyes Uk chief finance officer Drew Taylor.
“The new finance facilities will enable us to build on our successful growth in the UK to date and execute our expansion strategy over the coming years, with more than 45 openings targeted in 2025 alone.”
Barclays UK Corporate Banking head of hospitality and leisure added: “We are proud to have worked with Popeyes on this new lending deal, and look forward to helping them realise their exciting plans. We are committed to helping businesses across the UK invest for growth, and recently announced a £22bn Business Prosperity Fund to help clients of all sizes achieve their full potential.”