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Cases & Deals

February 7, 2018

King & Spalding Advises on Financing of Arby's and Buffalo Wild Wings Merger


NEW YORK, February 7, 2018 — In a transaction that closed on February 5, King & Spalding represented the joint lead arrangers and initial purchasers in connection with over $2 billion in financing in the form of an unsecured note issuance and revolving and term credit facility to finance the merger of an affiliate of Arby’s Restaurant Group, Inc. and Buffalo Wild Wings, Inc.

This transaction follows King & Spalding’s representation of several major investment banks in other recent headline securitizations, credit facilities and securities offerings in the restaurant, retail and services industries, including previous financings of Driven Brands, Taco Bell, TGI Friday’s, FOCUS Brands and Jimmy John’s, among others, and our representation of Five Guys in their “whole business” securitization.

The King & Spalding team was led by Michael Urschel, Ellen Snare, Jennifer Daly and  Zach Cochran, counsel Anthony Mechcatie, associates Martin Eid, Jennifer Tian, Matt Saur, Samantha Gleit, Robyn Cho, Adam Ghebrekristos, Fil Sexton, Eugene Pevzner, Ethan Mann, and Mackenzie Yaeger and senior attorney Bert Eidson.  Assistance was provided by partners Justin Riess, Jeff Misher, Matt Sandiford, Scott Petty, Angela Hayes, Sam Choy and John Taylor, and associates John Green and Dan Hirschfield.

King & Spalding brings together more than 150 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. Over the past four years, we closed approximately 900 finance transactions for our clients, amounting to over $220 billion in aggregate financing.

About King & Spalding

King & Spalding helps leading companies advance complex business interests in more than 160 countries. Working across a highly integrated platform of more than 1,000 lawyers in 20 offices globally, we deliver tailored commercial solutions through world-class offerings and an uncompromising approach to quality and service. More information is available at www.kslaw.com.