Under the brand esoteric comes an array of asset classes. Right now the industry is seeing whole business deals such as the issuance of a $220 million transaction for Church's Chicken earlier this year.
The deal was done through Cajun Global, a special-purpose vehicle. Barclays Capital was the sole structuring adviser and bookrunner. Drive-in restaurant chain Sonic Corp. said last week that some of its subsidiaries are going to refinance their outstanding securitization with a new securitization debt facility. Barclays is also the underwritter on the offering. The firm's units have had a securitized financing facility in place since December 2006.