Roark Capital is using a whole business securitization to refinance its purchase of Driven Brands.

Driven Brands, whose brands include Maaco, Meineke and 1-800-Radiator & A/C, will pledge nearly all of its revenue-generating assets to several bankruptcy remote special purpose vehicles, which will then issue $460 million of notes, according to a presale report published by Kroll Bond Rating Agency.

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