The ease of borrowing is contributing to more M&A in the restaurant sector. Low interest rates, few covenants and low amortization schedules mean that dealmakers can expect 2014 to provide a good environment for companies to take on debt for acquisition purposes. This is a trend that has already appeared in deals, including transactions by Apollo Global Management LLC, TPG Capital and Roark Capital.

In February, Apollo closed a deal for CEC Enterprises  Inc., the owner of 577 Chuck E. Cheese restaurants and entertainment centers for about $1.3 billion.

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