February 21, 2020
Weil’s Structured Finance & Derivatives practice was recently profiled by Law360 as a 2019 “Securitizations Group of the Year” for guiding several of the year’s cutting-edge securitization transactions.
The profile highlighted the group’s role advising Guggenheim Securities and Morgan Stanley on the whole-business securitization of the Jack in the Box restaurant chain. The $1.3 billion asset-back security bond offering overhauled the company’s capital structure by securitizing its revenue-generating assets, including its intellectual property, franchisee royalty streams, real estate and related company-owned restaurants.
“It was their first whole-business securitization,” said Frank Nocco, Head of Weil’s U.S. Structured Finance & Derivatives practice. “It was really transformative for the company from a financing perspective.”
Law360 noted the “diversity of expertise” within the practice, a full range of capabilities to lead an array of sophisticated and novel deals, from securitizations and derivatives, to collateralized loan obligations and the securitization-related aspects of major mergers and acquisitions transactions.
The profile also emphasized the group’s deep innovative streak. Weil recently advised CFG Partners in a $222 million asset-backed securities offering, the first-ever multi-jurisdiction securitization of personal consumer loans. In addition, the team has guided the securitization of assets in the oil and gas industry, transactions at the forefront of the field.
“I think given the reputation of the attorneys on our team — and our track record of developing really innovating, groundbreaking structures — really puts us in a position where we get to partner with our clients to come up with innovative market solutions,” said Shawn Kodes, partner in the Structured Finance & Derivatives practice.