Fatburger owner Fat Brands will get $46 million in new financing to get through bankruptcy. | Photo: Shutterstock.
A bankruptcy court judge on Thursday approved a deal between the restaurant chain operator Fat Brands and its lenders that will finance the company through bankruptcy while addressing concerns about its management in the meantime.
In so doing, the company ended months of often-acrimonious negotiations between the owner of Twin Peaks and the investors who bought bonds that funded Fat Brands’ brief emergence as a major restaurant chain acquirer in 2020 and 2021.
The debtor-in-position, or DIP, financing deal is valued at $184 million, including more than $46 million in new money.
That financing is largely coming…