Yum! Brands $2.3 billion whole business securitisation

Overview:

• Yum! Brands has completed a $2.3 billion whole business securitisation of its Taco Bell franchise.
• The funds raised will be used both to pay off the remaining balance of a $2 billion loan facility and for general corporate purposes.
• Mayer Brown (Barbara Goodstein, J Paul Forrester, Brian Newhouse) advised Yum!
• King & Spalding (Michael Urschel) represented three investment banks as joint bookrunners and lead managers for the deal.

Kurt Stumpo - Journalist - North America and the Caribbean