Paul, Weiss Advises Focus Brands in Bond Issuance

Paul, Weiss represented Focus Brands Inc., a portfolio company of Roark Capital Group, in connection with the issuance of $300 million in additional bonds under its existing whole business securitization facility. The bonds are backed primarily by franchise royalties and revenue streams generated by the recently-acquired Jamba Juice brand, which in connection with the issuance was joined under the facility alongside the Carvel, McAlister’s, Auntie Anne’s, Moe’s, Schlotzsky’s and Cinnabon brands. Barclays Capital Inc. arranged the sale.                         

The Paul, Weiss team included corporate partners Jordan Yarett, Robert Zochowski and John Kennedy; intellectual property partner Claudine Meredith-Goujon; tax partner Scott Sontag; employee benefits partner Lawrence Witdorchic and counsel Uri Horowitz; and bankruptcy partners Alice Eaton and Kyle Kimpler.