---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-002598"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T22:40:20.061920+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FAT Brands amends Fazoli's securitization, extends call and repayment dates to 2025-2026

## Summary
- Anticipated Call Date extended from July 2023 to October 2025; 1.0% extra interest if not repaid.
- Anticipated Repayment Date of Class A-2 Notes extended from Jan 2025 to July 2026; 2.5% extra interest triggers.
- Financial covenants (debt service coverage, leverage) relaxed or deferred to 2026 to avoid rapid amortization or default.
- Amendment permits refranchising of corporate-owned Fazoli's by allowing disposition of negative cash flow leases.
- Controlling Class Members now have right to instruct Controlling Class Representative under the Amendment Documents.

## SEC filing metadata
- accession: 0001641172-25-002598
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705012/000164117225002598/0001641172-25-002598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000164117225002598/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-002598
- JSON: https://secwatch.observer/filing/0001641172-25-002598.json
- Plain text: https://secwatch.observer/filing/0001641172-25-002598.txt

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