FAT Brands Files for Chapter 11 With $1.5B Debt

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Restructuring and Mediation Efforts

Currently, the company is seeking to use cash collateral without debtor-in-possession financing. Alongside its first-day motions, FAT Brands filed for mediation with noteholders to negotiate potential DIP financing and stabilize operations during restructuring.

The company is represented in the proceedings by Timothy A. Davidson II of Hunton Andrews Kurth LLP.