Fat Brands, Inc (FATAQ): debt financing — FAT Brands subsidiary debt of $158.9M accelerated; director James Ellis resigns

Fat Brands, Inc

FB Resid Holdings received acceleration notice for $158.9M principal ($110M net) plus ~$9.9M accrued interest.
FB Resid cannot pay; acceleration may lead to bankruptcy proceedings for FB Resid and/or FAT Brands.
Notes secured by 44.6M shares of Twin Hospitality Group (22.5% voting control); UMB may now vote/sell those shares.
James Ellis resigned as director of FAT Brands and Twin Hospitality effective Nov 25, 2025, citing personal reasons.
Default previously disclosed on Nov 3, 2025; acceleration triggers immediate repayment demand.

item 2.04 item 5.02

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Fat Brands, Inc faced acceleration on senior notes of $158.9 million with UMB Bank, National Association.

Instrument: senior notes
Principal: $158.9 million
Counterparty: UMB Bank, National Association
Event: acceleration

Exact text from the filing

stating that an Event of Default had occurred pursuant to Section 9.2 of the FB Resid Indenture. The aggregate principal amount outstanding under the FB Resid Notes is $158.9 million, or $110.0 million net of FB Resid Notes retained by the Company, and the aggregate amount of accrued and unpaid interest under the FB Resid Notes through the date of this report

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Fat Brands, Inc filing history →

Source: SEC EDGAR

accession 0001493152-25-025763

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