Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
ServiceMaster Completes $700 Million Whole-Business Securitization
- Client News
- December 9, 2020
Paul, Weiss represented Roark Capital portfolio company ServiceMaster Brands as issuer, via special purpose subsidiaries, in its $700 million whole-business securitization. The deal was backed by substantially all of the franchise assets of its cleaning and restoration brands, including ServiceMaster Restore, ServiceMaster Clean, Merry Maids, AmeriSpec and Furniture Medic. ServiceMaster Brands is one of the nation’s leading providers of residential and commercial restoration and cleaning services.
The Paul, Weiss team included, among others, corporate partners Robert Zochowski, Jordan Yarett, Charles Pesant and John Kennedy and counsel Christopher Poggi, Mikhel Schecter and Philip Heimowitz; intellectual property partner Claudine Meredith-Goujon; litigation partner Jacqueline Rubin and counsel Steven Herzog; restructuring partner Kyle Kimpler; tax partner David Mayo; and executive compensation counsel Jacob Glazeski.