FAT Brands Inc. has received a notice of acceleration from UMB Bank, National Association, as trustee under the FB Resid Indenture related to fixed rate secured notes issued by its subsidiary, FB Resid Holdings I, LLC. The acceleration notice declares the outstanding principal and accrued interest of the FB Resid Notes to be immediately due and payable, following a previously disclosed event of default. The notes are secured by monthly management fees, residual amounts from securitization affiliates, and over 44 million shares of Twin Hospitality Group Inc. stock pledged by FAT Brands. Under the terms, proceeds from any sale or loan secured by these shares will be used to repay the notes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FAT Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-025763), on December 02, 2025, and is solely responsible for the information contained therein.