Hyperscale Data Inc., a diversified holding company, has announced that its indirect wholly owned subsidiary, Ault Global Real Estate Equities, Inc. (AGREE), has successfully completed a $145 million financing for its minority holding, Fouquet's New York. This financing was achieved in collaboration with a series of funds affiliated with Goldman Sachs & Co. LLC. The transaction has allowed Fouquet's to refinance its senior debt at an attractive leverage level, providing potential for significant future cash flow improvements. Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, expressed pride in holding a minority interest in what is anticipated to be an iconic New York property, highlighting the ongoing enhancement of guest experiences at Fouquet's.
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