Patricia Lynch leads the firm’s U.S. securitization practice and advises on a wide range of structured finance transactions, including whole-business securitizations, ABS backed by digital infrastructure assets, music royalties and trade receivables, stranded cost securitizations, collateralized loan obligations and collateralized fund obligations. She also works with investment funds on credit fund leverage facilities and subscription facilities.

Experience

  • Represented HOA Brands on the restructuring of its whole-business securitization in the context of its Chapter 11 filing.
  • Represented a group of existing securitization bondholders in connection with a secured bond exchange for Centerline Logistics, dismantling a securitization and replacing with a new multi-tranche corporate bond.
  • Represented Planet Fitness Inc. on the structuring of its whole-business securitization and on its related offerings of over $3.5 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 over $2.5 billion 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, involving the issuance of over $3.5 billion 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 $7.5 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.

Areas of Practice