NEW YORK — The Athlete’s Foot and UCC Capital Corp. have completed a private placement transaction involving a whole company securitization backed by the retailer’s intellectual property.

Monday’s announcement confirms a report in these columns in June. The long-term asset-backed notes were issued by Athlete’s Foot Brands Inc., a wholly owned subsidiary of Athlete’s Foot Marketing Associates. The notes, backed by franchise fee revenues generated by The Athlete’s Foot stores and related trademarks, were rated B/aa3 by Moody’s Investors Service.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus