Paul, Weiss clients Barclays Capital and J.P. Morgan completed a more than $1.6 billion offering of senior secured term and variable funding notes backed by a “whole business” securitization of the assets of Domino’s Pizza on March 15. Paul, Weiss represented Barclays Capital as sole structuring advisor and joint bookrunning manager, and J.P. Morgan as joint bookrunning manager. The transaction refinanced the company’s 2007 securitization. The notes were secured by substantially all of the revenue-generating businesses of Domino’s, including company owned store licensing fees, franchising revenues and distribution revenues.
The Paul, Weiss team representing Barclays Capital and J.P. Morgan included corporate partners Jordan E. Yarett and Lawrence G. Wee, counsel Scott D. Fisher and Claudine Meredith-Goujon; bankruptcy partner Alice Belisle Eaton; employee benefits partner Robert C. Fleder and counsel Erin Murphy; real estate partner Peter E. Fisch and tax partner Richard J. Bronstein.