FAT Brands Transaction

Transaction Announcement

FAT Brands Inc, a multi-brand franchisor and operator of quick-service and casual dining restaurants, completed sales of substantially all its assets through a series of Section 363 transactions. The asset sales closed in June 2026 and a Plan of Liquidation went effective in July.

Most of the Company’s assets were acquired by entities backed by an ad hoc group of pre-petition noteholders. The Company’s Hot Dog on a Stick and Elevation Burger brands were sold to third-party cash buyers.

FAT Brands’ platform included more than 2,000 units across 14 brands, including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Great American Cookies, Marble Slab Creamery, Fazoli’s, and Hot Dog on a Stick, among others.

GLC served as Financial Advisor to FAT Brands in connection with the transactions.

GLC Advisors Overview

GLC Advisors & Co. is a leading independent investment banking advisory firm, delivering objective, senior-level expertise to successfully execute lower middle market to large cap financial advisory engagements for our clients. Founded in 2009, GLC delivers conflict-free counsel on restructurings and other complex or special situation mandates. Today, GLC serves clients in a variety of advisory capacities including mergers & acquisitions, equity and debt capital advisories, restructurings and recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles, and San Francisco.