Ropes & Gray: Zaxby's in $285M Whole Business Securitization
May 17, 2024
May 17, 2024
BOSTON, Massachusetts, May 17 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented Zaxby's, the franchisor of the iconic chain of more than 900 quick casual chicken restaurants across 17 states in the Southern U.S., in a new issuance of asset-backed notes from its whole business securitization.
The new debt consists of $210 million of traditional term WBS notes and a $75 million novel delayed-draw note component offered as a private pla . . .
Ropes & Gray represented Zaxby's, the franchisor of the iconic chain of more than 900 quick casual chicken restaurants across 17 states in the Southern U.S., in a new issuance of asset-backed notes from its whole business securitization.
The new debt consists of $210 million of traditional term WBS notes and a $75 million novel delayed-draw note component offered as a private pla . . .