FAT Brands Faces Potential Bankruptcy Over $1.26 Billion Debt Acceleration

FAT Brands, parent company of Fazoli's, Round Table Pizza, and Fatburger, may seek bankruptcy after receiving notices of debt acceleration totaling $1.26 billion. The company had previously missed scheduled payments and warned that the acceleration could harm its business, financial condition, and liquidity. FAT Brands is in talks with bondholders to reshape its balance sheet and strengthen its finances.