The financial backing will support the US burger chain’s ambition to strengthen its position in the premium burger category and will see it enter a debt deal until 2030.
Funds will be used for the roll out of new restaurants across the UK as well as in France, Germany and Spain.
“Securing additional debt capital at a more favourable rate in today’s market is a significant accomplishment,” says Five Guy CEO John Eckbert.
“This £185m refinance transaction is a testament to the strength of the Five Guys brand and our successful operational performance.
“The latest capital injection will be instrumental in accelerating our expansion strategy, allowing us to serve even more hungry customers with our fresh and fully customisable burgers and fries. The Five Guys team and I are excited about the opportunities this presents for our continued growth and market leadership.”
In September, Five Guys reported an increase in revenue across the European arm of the business, including in the UK. Revenues in Europe rose by more than £90m during its latest financial year from £452.3m in 2022 to £542.9m for the year ended 31 December 2023, with revenue in the UK increasing from £278.6m to £316.4m.
The company also reported a pre-tax loss of £16.2, down from £35.6m over the same 12-month period last year.
Earlier this year Five Guys announced it would be opening a 90-cover site at Heathrow Terminal 5, its first location within a UK and European airport.
The company is this month relocating its Westfield London restaurant to a new, bigger space.