People

Michael Urschel leads our Specialty Finance team focusing on debt capital markets, securitization, private placements and specialty lending, with a particular focus on esoteric asset financing and acquisition financing of complex assets.  Michael also serves as a member of our firm’s Financial Services leadership team and advises our financial institutions and issuer clients on a variety of financing opportunities, regulatory matters and portfolio acquisitions and dispositions across the capital structure.

Michael counsels banks, purchasers, sponsors and borrowers in a wide range of capital markets, lending and acquisition financing transactions.  He has structured and led financings of numerous franchised concepts, cellular tower, data center and distributed antenna operators, solar and renewable energy assets, an intermodal shipping container business, outdoor advertising receivables, specialty leveraged finance transactions and real-estate lending platforms, among others.

Michael is recognized by Chambers USA and Legal 500 U.S., and has been profiled by Asset-Backed Alert. He was also named a Rising Star for Banking in the 2016, 2017 and 2018 IFLR 1000 guides.  Michael serves on the Structured Finance Committee of the New York City Bar Association, is a member of the Board of Directors of Make Music New York, Inc. and is the editor of an upcoming treatise focusing on global securitization developments.   

Full Bio

Credentials

J.D., University of North Carolina School of Law

M.B.A., University of North Carolina at Chapel Hill

B.S. Business Administration, University of North Carolina at Chapel Hill

Georgia

New York

North Carolina

Leading Lawyer


Legal 500 United States, 2019

Whole Business Securitization Spotlight Table


Chambers USA, 2019

"The thing that stands out about Michael is his commercial business sense."


Chambers USA, 2019, quoting contacts

Rising Star: Banking


IFLR 1000 US, 2018

Nationally Ranked


Chambers USA, 2019

"Incredibly hard-working and driven."


Chambers USA, 2016

"A broad transactional practice, encompassing leveraged finance transactions and securitizations."


Chambers USA, 2016

"'A lot of these deals require a lot of outside-the-box thinking, and he's strong in that respect.'"


Chambers USA, 2016, quoting contacts

Icon close

Close

Recognition

Leading Lawyer


Legal 500 United States, 2019

Whole Business Securitization Spotlight Table


Chambers USA, 2019

"The thing that stands out about Michael is his commercial business sense."


Chambers USA, 2019, quoting contacts

Rising Star: Banking


IFLR 1000 US, 2018

Nationally Ranked


Chambers USA, 2019

"Incredibly hard-working and driven."


Chambers USA, 2016

"A broad transactional practice, encompassing leveraged finance transactions and securitizations."


Chambers USA, 2016

"'A lot of these deals require a lot of outside-the-box thinking, and he's strong in that respect.'"


Chambers USA, 2016, quoting contacts

Matters

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 BellArby’sApplebee’sHardee'sCarl's Jr.Jimmy John’sChurch’s ChickenTGI Friday’sAuntie Anne’sCarvelCinnabonMassage Envy, McAlister’s DeliMoe’s Southwest GrillJamba JuiceSchlotzky’sIHOPPrimrose SchoolsWingstop and Servpro, among others.

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

See more
Icon close

Close

Matters

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 BellArby’sApplebee’sHardee'sCarl's Jr.Jimmy John’sChurch’s ChickenTGI Friday’sAuntie Anne’sCarvelCinnabonMassage Envy, McAlister’s DeliMoe’s Southwest GrillJamba JuiceSchlotzky’sIHOPPrimrose SchoolsWingstop and Servpro, among others.

Representation of initial purchasers, investors and issuers in over $5 billion in aggregate cellular towerdistributed antennaedata 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 containerssolar 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.

Insights

Client Alert

November 14, 2019
Advantages of Mortgage Repurchase Facilities

Energy Law Exchange

October 15, 2019
Sustainable Lending: Finance of the Future

View all

Matters

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 BellArby’sApplebee’sHardee'sCarl's Jr.Jimmy John’sChurch’s ChickenTGI Friday’sAuntie Anne’sCarvelCinnabonMassage Envy, McAlister’s DeliMoe’s Southwest GrillJamba JuiceSchlotzky’sIHOPPrimrose SchoolsWingstop and Servpro, among others.

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

See more
Icon close

Close

Matters

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 BellArby’sApplebee’sHardee'sCarl's Jr.Jimmy John’sChurch’s ChickenTGI Friday’sAuntie Anne’sCarvelCinnabonMassage Envy, McAlister’s DeliMoe’s Southwest GrillJamba JuiceSchlotzky’sIHOPPrimrose SchoolsWingstop and Servpro, among others.

Representation of initial purchasers, investors and issuers in over $5 billion in aggregate cellular towerdistributed antennaedata 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 containerssolar 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.

Insights

Client Alert

November 14, 2019
Advantages of Mortgage Repurchase Facilities

Energy Law Exchange

October 15, 2019
Sustainable Lending: Finance of the Future

View all

Credentials

J.D., University of North Carolina School of Law

M.B.A., University of North Carolina at Chapel Hill

B.S. Business Administration, University of North Carolina at Chapel Hill

Georgia

New York

North Carolina

Leading Lawyer


Legal 500 United States, 2019

Whole Business Securitization Spotlight Table


Chambers USA, 2019

"The thing that stands out about Michael is his commercial business sense."


Chambers USA, 2019, quoting contacts

Rising Star: Banking


IFLR 1000 US, 2018

Nationally Ranked


Chambers USA, 2019

"Incredibly hard-working and driven."


Chambers USA, 2016

"A broad transactional practice, encompassing leveraged finance transactions and securitizations."


Chambers USA, 2016

"'A lot of these deals require a lot of outside-the-box thinking, and he's strong in that respect.'"


Chambers USA, 2016, quoting contacts

Icon close

Close

Recognition

Leading Lawyer


Legal 500 United States, 2019

Whole Business Securitization Spotlight Table


Chambers USA, 2019

"The thing that stands out about Michael is his commercial business sense."


Chambers USA, 2019, quoting contacts

Rising Star: Banking


IFLR 1000 US, 2018

Nationally Ranked


Chambers USA, 2019

"Incredibly hard-working and driven."


Chambers USA, 2016

"A broad transactional practice, encompassing leveraged finance transactions and securitizations."


Chambers USA, 2016

"'A lot of these deals require a lot of outside-the-box thinking, and he's strong in that respect.'"


Chambers USA, 2016, quoting contacts