FAT Brands Announces Refinancing of Twin Peaks Credit Facility
FAT Brands Inc. (FAT)
US:NASDAQ Investor Relations:
ir.fatbrands.com
Company Research
Source: GlobeNewswire
Major Milestone Before Planned Public Listing of Twin Hospitality Group LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ: FAT), a leading global franchising company and parent company of 18 iconic brands, is pleased to announce that Twin Hospitality Group Inc., the operating unit for its Twin Peaks and Smokey Bones restaurant brands, has priced the issuance of new notes to refinance its whole business securitization credit facility originated in October 2021. The aggregate principal balance of the new Series 2024-1 fixed rate notes (the “Notes”) is $416,711,000 across four tranches, with a weighted average interest rate of 9.5% per annum. The issuer of the Notes will be Twin Hospitality I, LLC, a wholly-owned subsidiary of Twin Hospitality Group Inc. Closing DateClassSeniorityPrincipal BalanceCouponAnticipated Repayment DateFinal Legal Maturity Date11/21/2024A-2-ISuper Senior$12,124,0009.00%10/25/202710/26/205411/21/2024A-2-IISenior
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FAT
News
- Johnny Rockets Lands at Soaring Eagle Casino [Yahoo! Finance]Yahoo! Finance
- Johnny Rockets Lands at Soaring Eagle CasinoGlobeNewswire
- FAT Brands Announces Refinancing of Twin Peaks Credit Facility [Yahoo! Finance]Yahoo! Finance
- Hollywood Favorite, Fatburger, Opens 10th Location in Texas [Yahoo! Finance]Yahoo! Finance
- Hollywood Favorite, Fatburger, Opens 10th Location in TexasGlobeNewswire
FAT
Earnings
- 7/31/24 - Beat
FAT
Sec Filings
- 11/4/24 - Form 8-K
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- FAT's page on the SEC website