Fast food chain to issue whole business ABS on blockchain
Restaurant franchise operator FAT Brands is preparing a securitization of its whole business assets secured on the blockchain.
The multi-tranche deal will be $30m in size and will be backed by cash flows of franchise fees coming from FAT Brands' various brands, according to Nelson Chu, founder and chief executive officer of Cadence, a blockchain focused investment firm that is arranging the deal. FAT Brands owns ...
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