Michael L. Urschel, P.C.

Prior to joining Golden Flag, Michael was involved in the following matters:

• Representing initial purchasers in the majority of recent of whole-business securitizations of franchise brands such as Subway, Dunkin’ Brands, Wendy’s, Taco Bell, Arby’s, Hardee’s, Carl’s Jr., Jimmy John’s, Church’s Chicken, TGI Friday’s, Auntie Anne’s, Carvel, Cinnabon, Maaco, Meineke, Massage Envy, McAlister’s Deli, Moe’s Southwest Grill, Jamba Juice, Schlotzky’s, Sonic, Primrose Schools, Wingstop, Servpro, Zaxby’s, Nothing Bundt Cakes, Neighborly, ServiceMaster, Goddard Systems and Bojangles;
• Representing issuers, initial purchasers and/or structuring agents in dozens of securitizations of lit and dark fiber, wireless towers, data centers, distributed networks, outdoor advertising structures and other hybrid real-estate assets, including many “first-in-asset class” transactions;
• Representing the structuring agent in the hybrid acquisition financing and take-out securitization of Driven Brands, an automotive services business;
• Representing the joint lead arrangers and initial purchasers in an unsecured note issuance and revolving and term credit facilities to finance the merger of Arby’s and Buffalo Wild Wings to form Inspire Brands and subsequent incremental financing for the acquisitions of the Sonic and Dunkin’ brands and a follow-on secured notes offering;
• Representing Dine Brands (Applebee’s and IHOP) and Five Guys in their whole-business securitization programs;
• Representation of private lenders and purchasers in multiple direct placements of non-traditional asset securitization and development of related structured private credit and private placement technology; and
• Multiple specialty leveraged finance facilities, including residual financings, structured device leasing and structured credit facilities for the origination of specialty lending platforms.