Patricia C. Lynch
Partner
Patricia Lynch leads the firm’s U.S. securitization practice and advises on a wide range of structured finance transactions, including whole-business securitizations, collateralized loan obligations (CLOs), and other loan securitizations and receivables-backed variable funding note facilities. She also works with investment funds on credit fund leverage facilities and subscription facilities.
Experience
- Represented Planet Fitness Inc. on the structuring of its whole-business securitization and on its related offerings of a total of $1.825 billion in asset-backed term and variable funding notes.
- Represented Servpro Industries, LLC on the structuring of its whole-business securitization and its related offerings of a total of $605 million in asset-backed term and variable funding notes.
- Represented Dunkin’ Brands, Inc. on multiple offerings under its whole-business securitization, including its most recent offering of $1.85 billion in asset-backed term and variable funding notes.
- Represented Domino’s Pizza, Inc. on multiple offerings under its whole-business securitization, including its most recent offering of $875 million in asset-backed term and variable funding notes.
- Represented a leading franchisor in the quick-service restaurant space on $1.1 billion in offerings of asset-backed term and variable funding notes under its whole-business securitization.
- Represented Bain Capital Credit, LP on the structuring of multiple CLOs involving more than $7 billion in assets under management, as well as numerous CLO refinancings.
- Represented Bain Capital Credit, LP on its acquisition of the CLO portfolio of Regiment Capital Advisors, involving $1.6 billion in assets under management.
- Represented TPG Real Estate on the structuring of a $1.8 billion CLO secured by high-yield real estate loans.
- Represented a private credit fund on a $167 million securitization of its portfolio of middle market health care loans.
- Represented a manufacturing company on its $400 million variable funding note receivables facility.
- Represented a private communications company on its $185 million receivables securitization facility.
- Represented Public Service of New Hampshire, a subsidiary of Eversource Energy, on its $636 million “stranded cost” securitization.
- Represented a private credit fund on the establishment of a $300 million structured leverage facility secured by its portfolio of middle market loans.
- Represented a private credit fund on the establishment of a $125 million structured leverage facility secured by its portfolio of middle market loans.
- Represented a family of private equity funds on a $1.2 billion multi-fund subscription facility.
- Represented a private equity fund on a $50 million subscription facility.
- Represented a private equity fund on a $15 million subscription facility.
Publications
- Quoted, “Structured Weekly: Jack in the Box Refinancing ABS Deal,” Bloomberg News (January 27, 2022)
- Co-author, “Investor views of fund subscription lines,” Global Legal Insights – Fund Finance 2021, 5th Edition (January 2021)
- Quoted, “Navigating in dangerous waters,” Private Debt Investor (March 2, 2020)
- Quoted, “Securitizations Group Of The Year: Ropes & Gray,” Law360 (February 18, 2020)
- Profiled, “Finance, Banking & Capital Markets Trailblazers,” The National Law Journal (October 2019)
- Quoted, “Investors reluctant to curb credit line use – lawyer,” Private Funds CFO (September 27, 2019)
- Quoted, “What To Know About PE Funds' Subscription Credit Facilities,” Law360 (July 1, 2019)
- Patricia Lynch and Patricia Teixeira, “Investor views of fund subscription lines,” Global Legal Insights – Fund Finance, 3rd Edition (March 2019)
- Quoted, “A New Form of Private-Equity Financing Is Starting to Take Off,” Barron’s (November 6, 2018)
- Quoted, “D.C. Circuit Court Vacates Dodd-Frank’s Credit Risk Retention Rule As It Applies to CLO Managers,” The Hedge Fund Law Report (April 5, 2018)
- Thomas Draper and Patricia Lynch, “Investor views of fund subscription lines: The ILPA guidelines and the market response,” Global Legal Insights – Fund Finance, 2nd Edition (February 2018)
- Thomas Draper, Patricia Lynch and Dan Coyne, “Capital call subscription facilities: the borrower’s view,” Global Legal Insights - Fund Finance 2017 (February 2017)
- Quoted, “How the Volcker Rule could have succeeded,” IFLR (March 28, 2016)
- Quoted, “If US regulators could turn back time,” IFLR (March 21, 2016)
Presentations
- Speaker, “ILPA Guidelines and Investor Panel,” 8th Annual Global Fund Finance Symposium (March 21, 2018)
- Panelist, “Fund Finance Market Panel Update,” Fund Finance Summer Update conference (September 7, 2017)
Education
- JD, magna cum laude, Harvard Law School, 2003
- DPhil (Modern History), University of Oxford, 1997
- AB (History and Literature), summa cum laude, Harvard College, 1992
Admissions / Qualifications
Qualifications
- Massachusetts, 2007
- New York, 2004
Awards
- The Best Lawyers in America (2023)
- Chambers USA (2021-2022)
- Chambers Global (2022-2023)
- IFLR 1000 (2019-2023)
- The National Law Journal, “Finance, Banking & Capital Markets Trailblazer” (2019)
