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

Experience

  • 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