Financing
Fat Brands gets another demand for debt payment
The bank that acts as the trustee on the company’s securitized financing has sent an acceleration notice for the last of five shell companies that hold the restaurant operator’s debt.
Financing
In Fat Brands, another company using securitization financing runs into problems
The Bottom Line: The restaurant brand collector went from acquiring cheap chains to buying up much larger and more expensive brands using whole business securitizations. And then the market tanked.