Michael L.
Urschel

Representing the joint lead arrangers and initial purchasers in connection with over $3 billion of aggregate 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. to form Inspire Brands and subsequent incremental financing for the acquisition of Sonic Corp.

Representing initial purchasers in over $10 billion of whole business securitizations of franchise royalties of brands such as Taco Bell, Arby’s, Applebee’s, Hardee's, Carl's Jr., Jimmy John’s, Church’s Chicken, TGI Friday’s, Auntie Anne’s, Carvel, Cinnabon, Massage Envy, McAlister’s Deli, Moe’s Southwest Grill, Jamba Juice, Schlotzky’s, IHOP, Primrose Schools, Wingstop and Servpro, among others.

Representation of initial purchasers, investors and issuers in over $5 billion in aggregate cellular tower, distributed antennae, data center and related ground lease securitizations, including several first-in-class transactions.

Representation of the sole structuring advisor in $460 million term and revolving acquisition financing and subsequent whole business securitization of subsidiaries of Driven Brands, Inc., a transaction which won International Financing Review’s North America Structured Finance Issue of 2015 and multiple follow-on offerings by the issuer.

Representation of Five Guys Burgers and Fries in connection with $400 million securitization of franchise royalties and company-owned store revenues.

Representation of initial purchasers and lenders in multiple additional esoteric asset classes, including intermodal shipping containers, solar renewable energy credit receivables and outdoor advertising receivables.

Representation of private purchasers in multiple 4(a)(2) direct placements of esoteric securitizations and development of related private placement technology.

Multiple specialty leveraged finance facilities, including residual financings, structured device leasing and structured credit facilities for the origination of real-estate lending platforms.