Di Maggio’s, the Glasgow-based restaurant chain, has agreed a £15m refinancing through Clydesdale Bank, which will aid the further expansion of its current 16-strong portfolio.
The refinancing sees the group, which was founded in 1985 and operates the Cafe Andaluz chain of tapas restaurants, shift its borrowings from the Royal Bank of Scotland to Clydesdale Bank, according to The Herald newspaper.
The company, which is led by Mario Gizzi and Tony Conetta, operates full-scale restaurants, including sites under its eponymous brand, and several shopping centre food court outlets.
It recently opened its first site under its new Barolo Grill format in Glasgow and is set to open a flagship restaurant under its Amarone format in Edinburgh later this summer.
Earlier this year, it said that was planning to make its first move into England and was thought to be considering a site in Manchester.
