The planned $1.5 billion asset backed securities offering to finance the $2.43 billion purchase of Dunkin' Brands Inc. from Pernod Ricard by Bain Capital, Carlyle Group and T.H. Lee Partners is indicative of the increased role of intellectual property in acquisition financing.

The issuance will be secured largely by the proceeds from Dunkin' Brands franchises, which include over 12,000 Dunkin Donuts, Baskin-Robbins and Togo's stores, though there will be some real estate involved. Moody's Investors Service has not yet rated the deal.

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