Cassels represented The Wendy’s Company in Canada, alongside lead global legal adviser Ropes & Gray, in connection with the sale by Wendy’s Funding, LLC of US$950 million of senior secured fixed rate notes, with the proceeds of such sale to be used by Wendy’s to refinance its existing debt. The transaction closed on June 26, 2019.
The Cassels team included Larry Weinberg (Franchise), Marc Mercier and Charles Newman (Financial Services) and Alison Hayman (Intellectual Property).