Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has commenced voluntary chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. FAT Brands plans to use the filings to deleverage its balance sheet, maximize value for its stakeholders and support continued growth of its brands.
FAT Brands’ portfolio of 18 restaurant concepts encompasses more than 2,200 locations worldwide. Brands such as Fatburger, Johnny Rockets and Round Table Pizza, among others, are expected to remain operating as usual during the chapter 11 process.
Latham & Watkins LLP is serving as legal counsel to the company. GLC Advisors & Co., LLC is serving as investment banker, Huron Consulting Services LLC is serving as financial advisor and Omni Agent Solutions, Inc. is serving as claims, noticing and solicitation agent.