FAT Brands CEO Andy Wiederhorn says $1.26 billion in debt is not guaranteed by parent company

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Less than two months after FAT Brands warned that bankruptcy could be on the horizon, CEO Andy Wiederhorn provided detail on the company’s complicated debt structure at the ICR conference in Orlando this week.  While a trustee has declared FAT Brands’ $1.26 billion in debt immediately due, Wiederhorn stated on Tuesday that the debt is not guaranteed by the parent company as a whole. Instead, the total liability is ...