---
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"
generated_at: "2026-06-20T05:31:27.862435+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# FAT Brands sells $40M of 6% senior secured notes via subsidiary

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-003164
- JSON: https://secwatch.observer/filing/0001493152-23-003164.json
- Plain text: https://secwatch.observer/filing/0001493152-23-003164.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $40,000,000
  - Counterparty: qualified institutional buyers
  - Rate: 6.00% Fixed Rate
  - Maturity: July 22, 2051 (legal final maturity), anticipated call date July 25, 2023
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1705012/000149315223003164/0001493152-23-003164-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.