Miami, FL Bilzin Sumberg Baena Price & Axelrod LLP announced today that its Corporate & Securities attorney, Serge Pavluk, assisted Pizzerias, LLC in negotiation, documentation and closing of the seven figure sale of certain assets of Pizzerias, LLC, comprised of 11 Papa John's restaurants throughout Palm Beach County, Florida, to Papa John's USA, Inc., a subsidiary of Papa John's International, Inc. (NASDAQ: PZZA). Lenders and multiple landlords consents were obtained in order to close on this transaction. As part of the transaction, GE Capital's loan to Pizzerias, LLC with respect to these assets was paid off. Papa John's International owns or franchises over 3,400 restaurants worldwide. Pizzerias, LLC is one of the largest franchisees of Papa Johns in the State of Florida, owning and operating 42 restaurants.
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Bilzin Sumberg Baena Price & Axelrod LLP is a full-service commercial law firm based in Florida. The firm has extensive experience in the areas of corporate and securities; environmental; government relations; land use; litigation; real estate; restructuring and bankruptcy; technology & telecommunications; tax and wealth transfer. For more information, please visit our website at www.bilzin.com.