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.
Massage Envy Announces $335 Million Whole-Business Securitization
- Client News
- July 10, 2019
Paul, Weiss represented Massage Envy, LLC, a portfolio company owned by funds affiliated with Roark Capital Group, in connection with a whole-business securitization transaction. Massage Envy is the largest and most-recognized provider of spa services in the United States. A newly formed subsidiary of the company issued $335 million of term bonds and $50 million of variable funding notes backed by revenues from franchise royalties generated by Massage Envy clinics.
The Paul, Weiss team included corporate partners Jordan Yarett, Robert Zochowski, John Kennedy and Claudine Meredith-Goujon and counsel Christopher Poggi; litigation partners Robert Atkins and Jacqueline Rubin and counsel Adam Bernstein; employee benefits partner Lawrence Witdorchic; tax partner Scott Sontag; and bankruptcy partners Alice Eaton and Kyle Kimpler.