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.

According to Nicolas Weill, Moody’s senior vice president, “The transaction marks the first securitization of franchise revenues for a brand portal concept.”

Under the terms of the arrangement, Athlete’s Foot Brands is now the sole franchisor of the Athlete’s Foot store franchises around the world.

UCC had previously structured the Bill Blass and Candie’s asset-backed transactions.

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