---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-047552"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2024-11-25T23:59:59+00:00"
generated_at: "2026-05-29T19:00:40.194195+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# FAT Brands completes $416.7M refinancing of Twin Peaks and Smokey Bones, creates Twin Hospitality for planned listing

## Summary
- Issued $416,711,000 in Series 2024-1 fixed rate notes across four tranches with weighted average interest rate of 9.5% per annum.
- Refinanced whole business securitization of Twin Peaks and Smokey Bones under new holding company Twin Hospitality Group Inc.
- Twin Hospitality agreed to issue warrants for 5% of its Class A Common Stock to noteholders, exercisable at $0.01 per share.
- FAT Brands modified its FBRH credit facility, pledged all Twin Hospitality Class A shares as collateral for existing debt.
- Notes have anticipated repayment date of October 25, 2027, with legal final maturity October 26, 2054; additional interest if not repaid.

## SEC filing metadata
- accession: 0001493152-24-047552
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2024-11-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705012/000149315224047552/0001493152-24-047552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000149315224047552/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-047552
- JSON: https://secwatch.observer/filing/0001493152-24-047552.json
- Plain text: https://secwatch.observer/filing/0001493152-24-047552.txt

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