FAT Brands Inc

-0.05 (-0.47%)
Strategic Combinations, Mergers / Acquisitions, Equity Financing / Related

Fat Brands To Acquire Global Franchise Group For $442.5 Million In Cash And Stock

Published: 06/28/2021 10:25 GMT
FAT Brands Inc (FAT) - :fat Brands - Agrees to Acquire Global Franchise Group for $442.5 Million in Cash and Stock.
Fat Brands - Cash Portion of Deal Will Be Funded From Issuance of a New Series of Notes, Cash on Hand.
Fat Brands - to Acquire Global Franchise Group From Serruya Private Equity Inc. and Lion Capital Llp.
Fat Brands - Will Also Issue to Sellers of Global Franchise Group About $25 Million in Common Stock, $67 Million in Series B Cumulative Preferred Stock.
Fat Brands - Based on Current Projections and Assumptions, Deal Expected to Eventually Increase Incremental EBITDA to About $55 Million - $60 Million.