Members of the Larkin Hoffman Franchise and Intellectual Property practice groups advised Scooter’s Coffee on its recent whole-business securitization. Totaling $375 million, the securitization included $350 million of Class A-2 term notes and a $25 million variable funding note through two co-issuers. Proceeds from the securitization will be utilized to refinance existing debt and for general corporate purposes.

Founded in 1998, Scooter’s Coffee currently has 910 locations in 32 states, most of which are coffee kiosks and shops with drive-thru and non-traditional formats. About 98% of Scooter’s locations are franchised.

“Scooter’s Coffee is a highly valued client of Larkin Hoffman,” said Joe Fittante, firm president. “We’re grateful for the opportunity to help Scooter’s achieve this important milestone, and look forward to many more years of our partnership.”

The Larkin Hoffman Franchise and Intellectual Property practice groups worked collaboratively on this transaction. Joe Fittante led the franchise portion of the transaction and Molly Eichten led the trademark portion. Additional contributing attorneys and paralegals included Alison Jarzyna, Sawan Patel, Danielle Pathos, Cathy Quinn and Thea Volk.