FAT Brands Announces Refinancing of Twin Peaks Credit Facility [Yahoo! Finance]
FAT Brands Inc. (FAT)
US:NASDAQ Investor Relations:
ir.fatbrands.com
Company Research
Source: Yahoo! Finance
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 Date Class Seniority Principal Balance Coupon Anticipated Repayment Date Final Legal Maturity Date A-2-I Super Senior A-2-II Senior B-2 Senior Subordinated M-2 Subordinated The Notes may be exchanged for a proportionate interest in Exchangeable Notes in two tranches, referred to as Class
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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 GlobeNewswire
- 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