{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-003164","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2023-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.210315+00:00","generated_at":"2026-06-20T05:31:27.862435+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"FAT Brands sells $40M of 6% senior secured notes via subsidiary","bullets":["Issued $40 million Series 2022-1 6.00% Class A-2 notes on Jan 25, 2023; total A-2 outstanding now $65M.","Notes mature July 22, 2051 but anticipated call date is July 25, 2023; extra 1% interest accrues after.","Secured by substantially all assets of FAT Brands GFG Royalty I, LLC and its guarantor subsidiaries.","Notes are obligations of the special-purpose subsidiary only; parent FAT Brands not liable.","Quarterly principal and interest payments from available cash under the indenture."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-003164","json":"https://secwatch.observer/filing/0001493152-23-003164.json","markdown":"https://secwatch.observer/filing/0001493152-23-003164.md","text":"https://secwatch.observer/filing/0001493152-23-003164.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223003164/0001493152-23-003164-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223003164/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T05:31:27.862435+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"678aee32ecb2f6573261df7efd95119c015b9fd6","claim":"Fat Brands, Inc incurred senior notes of $40,000,000 with qualified institutional buyers at 6.00% Fixed Rate maturing July 22, 2051 (legal final maturity), anticipated call date July 25, 2023.","evidence_excerpt":"On January 25, 2023, FAT Brands Inc. (the “ Company ”) completed the sale of an aggregate principal amount of $40,000,000 of Series 2022-1 6.00% Fixed Rate Senior Secured Notes, Class A-2 (the “ Class A-2 Notes ”) issued by its special purpose, wholly-owned subsidiary, FAT Brands GFG Royalty I, LLC (the “ Issuer ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223003164/0001493152-23-003164-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$40,000,000"},{"label":"Counterparty","value":"qualified institutional buyers"},{"label":"Rate","value":"6.00% Fixed Rate"},{"label":"Maturity","value":"July 22, 2051 (legal final maturity), anticipated call date July 25, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}