---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-003699"
form_type: "8-K"
ticker: "TWNPQ"
cik: "0002011954"
company_name: "Twin Hospitality Group Inc."
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:38:16.893624+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Twin Hospitality files Chapter 11 with $403M debt; appoints restructuring directors and CRO

## Summary
- Filed voluntary Chapter 11 petitions on Jan 26, 2026, with parent FAT Brands and subsidiaries; operations continue as usual.
- Outstanding debt includes ~$403M Twin Hospitality Secured Notes and ~$4M equipment financing; defaults triggered by filing.
- Board expanded to six; appointed Patrick Bartels and Neal Goldman as independent restructuring directors to oversee restructuring.
- Appointed John DiDonato (Huron) as Chief Restructuring Officer and Abhimanyu Gupta as Deputy CRO to lead the process.
- Company warns common shareholders may face complete or significant loss; NASDAQ trading to continue with Q suffix.

## SEC filing metadata
- accession: 0001493152-26-003699
- form_type: 8-K
- ticker: TWNPQ
- cik: 0002011954
- company_name: Twin Hospitality Group Inc.
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 2.04, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2011954/000149315226003699/0001493152-26-003699-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2011954/000149315226003699/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-003699
- JSON: https://secwatch.observer/filing/0001493152-26-003699.json
- Plain text: https://secwatch.observer/filing/0001493152-26-003699.txt

## Key facts
- Debt Financings
  Twin Hospitality Group Inc. faced acceleration on senior notes of approximately $403 million with UMB Bank, National Association.
  - Instrument: senior notes
  - Principal: approximately $403 million
  - Counterparty: UMB Bank, National Association
  - Event: acceleration
  source text: of default under certain of the Debtors’ debt instruments, including, without limitation, the following debt instruments issued by subsidiaries of the Company: ● approximately $403 million in aggregate outstanding amount of Twin Hospitality I, LLC’s Secured Notes (excluding notes retained by FAT Brands) pursuant to that certain Base Indenture, dated November 21,
  evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226003699/0001493152-26-003699-index.htm
- Debt Financings
  Twin Hospitality Group Inc. faced acceleration on loan of approximately $4 million with Amur Equipment Finance Inc..
  - Instrument: loan
  - Principal: approximately $4 million
  - Counterparty: Amur Equipment Finance Inc.
  - Event: acceleration
  source text: November 21, 2024 (the “ Twin Indenture ”) as amended and restated from time-to-time, between Twin Hospitality I, LLC and UMB Bank, National Association; and ● approximately $4 million in aggregate outstanding amount pursuant to those certain Equipment Financing Agreements, each as amended and restated from time-to-time, among various subsidiaries of Twin
  evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226003699/0001493152-26-003699-index.htm
- Distress & Bankruptcy
  Twin Hospitality Group Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2026-01-26).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas
  - Petition: 2026-01-26
  source text: On January 26, 2026 (the " Petition Date "), Twin Hospitality Group Inc. (" we ", " us " or the " Company ") and each of its direct and indirect subsidiaries, along with its parent company, FAT Brands Inc. (" FAT Brands ") and each of FAT Brands’ other direct and indirect subsidiaries (collectively, the " Debtors "), commenced voluntary cases (the " Chapter 11 Cases ") under chapter 11 of title 11 of the United States Code (the " Bankruptcy Code ") in the United States Bankruptcy Court for the Southern District of Texas (the " Bankruptcy Court ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226003699/0001493152-26-003699-index.htm

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