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Cases & Deals

November 17, 2015

King & Spalding Advises on Another Esoteric Securitization Transaction

NEW YORK, Nov. 17, 2015 — King & Spalding represented a major international investment bank as the sole structuring advisor and sole active book-running manager in a $685 million “whole business securitization” of the franchising and company-owned restaurant royalties of Arby’s Restaurant Group, Inc. in a deal that closed November 13.

Earlier this year, King & Spalding represented the same investment bank in a similar transaction for the franchise assets of Driven Brands, Inc. and has advised on a number of other “esoteric” securitization deals throughout 2015. 

The King & Spalding team was led by partner-elect Michael Urschel, and included finance associates Laura Newsom, Samantha Rothman, Lansing Lee, Robyn Cho, Will Bradbury and Matthew Sandiford, with assistance from partners Sarah Borders (bankruptcy), Cynthia Stroman (environmental) and Sam Choy and Hap Shashy (tax), counsel Kathy Minniti (real estate), partners-elect Carrie Ratliff (corporate) and Chris McCoy (real estate), associates Ariana Wallizada (tax), Stephanie Levin and Jullia Park (corporate), Kate Saleeby (real estate) and Robert Jones (IP). 

King & Spalding’s global finance practice brings together more than 100 finance lawyers located in offices across the United States, Europe, Asia and the Middle East to represent lenders, investors, funds and borrowers in the full range of secured and unsecured financings. The firm closed more than 200 transactions for our clients in 2014 amounting to over $60 billion in aggregate financing.

About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at