Welcome
We are excited to introduce ourselves to you and our unique way of working together. In order to provide you with the optimal experience, how would you describe yourself?

Case Study

US’s first quick-service restaurant chain receives long-term growth capital​

Based in Columbus, Ohio, family-owned White Castle is the first quick-service restaurant chain in the US, with nearly 400 restaurants and multiple retail offerings.​

Case Study

US’s first quick-service restaurant chain receives long-term growth capital​

Based in Columbus, Ohio, family-owned White Castle is the first quick-service restaurant chain in the US, with nearly 400 restaurants and multiple retail offerings.​

At a Glance

Financing White Castle’s growth over the years​​

White Castle first began working with us in 2013, when they were seeking capital to fund the construction of their frozen food plant in Vandalia, OH.​​

Relationship since 2013
Transaction details:
  • Growth capital
Meet the team
“We chose to work with PGIM because they were, one, willing to learn about us and invest in our business. And two, because they were creative and provided some flexibility in how they structured the deal that fit into what we were doing and helped us achieve our goals.”​
Lisa Ingram​ President and CEO, White Castle​
White Castle partner story

The Full Story

Getting to know the business​

As a hundred-year-old company, remaining relevant is always a challenge. Over the years, White Castle has continued to innovate and hold different growth objectives. ​

White Castle was looking for a partner that could provide longer term financing that synced up with their growth plans. Although White Castle historically worked with their bank provider, we spent time getting to know the Company, and saw the benefit of diversifying their capital sources with our long-term debt.​

“What I really liked about PGIM was that over the years we got to know one another. Even though it didn't make sense to be doing transactions at that time, we got to know one another, which was very important, especially with some of the unique combinations of businesses and the activities that we have.”​
Russell Meyer​ CFO, White Castle​

Helping companies achieve their goals​

Most recently, White Castle reached out to us to raise capital for the construction of their new headquarters, as well as other infrastructure projects. Our long-term, flexible capital offered an attractive financing alternative that matched these long-lived investments.​

We’re proud of our partnership with this dynamic, ever-growing company, and we’re excited to see what the future holds for them.​

White Castle logo on glass

Additional case studies

Client company logo
Alia sets up a PGIM Private Shelf to support capex and green investments
Relationship Since 2025
See the full story
Client company logo
PGIM Private Capital supports San Carlo’s next investments for long-term growth
Relationship Since 2014
See the full story
Client company logo
PGIM Private Capital provides Mersen with Senior Unsecured Notes for refinancing support
Relationship Since 2021
See the full story

Meet our team

See all people
Right arrow
Thomas Molzahn headshot
+1 (312) 540-4229
Email
Illinois

Perspectives

More than meets the eye: A closer look at the most commonly used type of capital.
The PGIM Private Capital Guide to Senior Debt.
Learn More
You might also like