FAT Brands files Chapter 11 bankruptcy to deleverage; over $1.3B in debt defaults

Fat Brands, Inc

Company and subsidiaries filed Chapter 11 on Jan 26, 2026 in Southern District of Texas.
Total outstanding debt in default across 11 instruments: ~$1.3B (including $410M GFG Royalty, $403M Twin Hospitality).
Board expanded to 15; appointed independent restructuring directors Patrick Bartels and Neal Goldman.
John DiDonato named Chief Restructuring Officer; Abhimanyu Gupta named Deputy CRO.
Equity holders warned of possible complete loss; NASDAQ continues with 'Q' suffix.

item 1.03 item 2.04 item 5.02 item 7.01 item 8.01 item 9.01

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accession 0001493152-26-003696

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