secwatch / observer
8-K filed March 30, 2026, 7:59 PM ET ticker FATAQ CIK 0001705012
leadership confidence high sentiment negative materiality 0.90

Fat Brands, Inc (FATAQ): debt financing — FAT Brands CEO Andrew Wiederhorn takes leave; board cut to 2; DIP financing of $307.6M secured

Fat Brands, Inc

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 incurred credit facility of combined aggregate principal amount of up to approximately $307.6 million with UMB Bank, N.A., as administrative agent and collateral agent at 12.0% per annum.

Instrument
credit facility
Principal
combined aggregate principal amount of up to approximately $307.6 million
Counterparty
UMB Bank, N.A., as administrative agent and collateral agent
Rate
12.0% per annum
Event
incurrence
Exact text from the filing
multiple draw term loan facilities (each, a “ DIP Facility ” and together, the “ DIP Facilities ”) in a combined aggregate principal amount of up to approximately $307.6 million. The first facility, referred to as the FBG DIP Facility, provides for up to $184.6 million to the FBG DIP Borrowers, including approximately $46.1 million of new money term
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fat Brands, Inc entered into DIP Credit Agreement with lenders from time to time party thereto, and UMB Bank, N.A., as administrative agent and collateral agent valued at approximately $307.6 million (effective 2026-03-25).

Action
entry
Agreement
credit facility
Counterparty
lenders from time to time party thereto, and UMB Bank, N.A., as administrative agent and collateral agent
Value
approximately $307.6 million
Effective
2026-03-25
Exact text from the filing
The DIP Credit Agreement provides for two senior secured superpriority debtor-in-possession multiple draw term loan facilities (each, a “ DIP Facility ” and together, the “ DIP Facilities ”) in a combined aggregate principal amount of up to approximately $307.6 million.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fat Brands, Inc entered into Stipulation with Andrew Wiederhorn, an ad hoc group of certain holders of the Debtors’ securitization notes, Moelis & Company LLC, and the official committee of unsecured creditors (effective 2026-03-19).

Action
entry
Counterparty
Andrew Wiederhorn, an ad hoc group of certain holders of the Debtors’ securitization notes, Moelis & Company LLC, and the official committee of unsecured creditors
Effective
2026-03-19
Exact text from the filing
on March 19, 2026, the Debtors entered into that certain Amended and Restated Stipulation and Agreed Order Regarding Mediated Agreement (the “ Stipulation ”) by and among the Debtors, Andrew Wiederhorn (the “ Executive ”), an ad hoc group of certain holders of the Debtors’ securitization notes (the “ Ad Hoc Group ”), Moelis & Company LLC (“ Moelis ”), and the official committee of unsecured creditors in the Chapter 11 Cases (the “ Committee ”).
View on SEC.gov

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Fat Brands, Inc filing history →

Source: SEC EDGAR
accession 0001493152-26-013636
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