FAT Brands prices whole biz ABS to fund acquisitions

By Jennifer Kang
21 Apr 2021

Restaurant franchise operator FAT Brands priced a private $144m whole business securitization, its latest move to secure additional capital for its acquisition growth strategy. The transaction closed a day early due to oversubscription, according to sources familiar with the matter.

FAT Brands completed its biggest deal to date on Wednesday, aiming to lower the company’s average cost of capital and secure extra cash to support its acquisition growth strategy, according to a statement from FAT Brands.

California-based FAT brands owns nine restaurant groups, including its most ...

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