ST. LOUIS — Panera Bread Co. has secured a five-year, $100 million term loan from Bank of America, Wells Fargo and TD Bank. Proceeds from the loan will be used for general corporate purposes, including a range of growth initiatives such as the roll-out of Panera 2.0.
Panera 2.0 is a new technology platform that integrates digital ordering, payment and service. Designed to streamline operations, Panera 2.0 offers advanced mobile ordering, tabletop ordering and “fast-lane” kiosks for dine-in and to-go ordering, in addition to cashier stations, to reduce wait time. The digital ordering process allows customers to store customized orders and credit card information for speedier service.