Fat Brands Restructures and Prepares for Public Listing

Fat Brands ( (FAT) ) has shared an update.

FAT Brands Inc. has completed a significant refinancing of its Twin Peaks and Smokey Bones restaurant brands, restructuring them under a new entity, Twin Hospitality Group Inc., in preparation for listing as a standalone public company. The refinancing involves issuing $416.7 million in fixed-rate notes across four tranches with varying interest rates, aimed at repaying prior debt and optimizing financial performance ahead of anticipated public trading. This move represents a strategic step to enhance liquidity and shareholder value, drawing interest from institutional investors for its potential growth in the hospitality sector.

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