WELLS FARGOS AMERICAN COMMERCIAL CAPITAL PROVIDES FINANCING TO BLAKES LOTABURGER, LLC

SAN DIEGO (PRWEB) July 3, 2003 -- American Commercial Capital announced today that it has provided $33 million in fixed rate senior term financing to Blakes Lotaburger, LLC for the acquisition of the Blakes Lotaburger restaurant brand.

In 1952 G. Blake Chanslor opened his first hamburger stand in Albuquerque and eventually oversaw the growth of the Blakes Lotaburger brand to 75 stores throughout New Mexico. Today Blakes Lotaburger locations offer premium quality hamburgers made to order with the finest ingredients. Other menu items include specialty sandwiches, hot dogs, chili bowls, french fries, and shakes.

Blakes Lotaburger is one of those brands with a great story," said John Shrewsberry of American Commercial Capital. From their modest beginnings they have remained New Mexicos signature burger chain, despite the huge marketing budgets and the price wars of the large national chains. Were proud to be a part of their future."

According to Ron Rule, chairman and CEO of Blakes Lotaburger, LLC, ACC got to know our deal from all the angles and secured the financing we needed to make it happen. Working with them also allowed us to keep all of our finances within Wells Fargo. They know financing and, more importantly, they know restaurants."

American Commercial Capital (accapital.com) is a Wells Fargo Capital Markets Business providing capital to owners of multi-unit branded retail businesses in the restaurant and convenience store, travel plaza, and auto service industries.    

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company with $370 billion in assets, providing banking, insurance, investments, mortgage and consumer finance from more than 5,800 stores and the Internet (wellsfargo.com) across North America and elsewhere internationally.

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