Brief: Fat Brands Announces Acquisition Of Smokey Bones Barbecue Chain

Fat Brands

25/09/2023 23:03

Sept 25 (Reuters) - FAT Brands Inc  FAT.O :
    * FAT BRANDS ANNOUNCES ACQUISITION OF SMOKEY BONES BARBECUE
CHAIN
    * FAT BRANDS INC- $30 MILLION TRANSACTION WAS FUNDED FROM
COMPANY'S EXISTING SECURITIZATION FACILITIE
    * FAT BRANDS INC - $30 MILLION TRANSACTION WAS FUNDED FROM
COMPANY'S EXISTING SECURITIZATION FACILITIES
    * FAT BRANDS INC: PURCHASE IS EXPECTED TO INCREASE ANNUAL
ADJUSTED
EBITDA BY APPROXIMATELY $10 MILLION
    * FAT BRANDS INC - HAS ACQUIRED SMOKEY BONES BAR & FIRE
GRILL
RESTAURANT CHAIN FROM AN AFFILIATE OF SUN CAPITAL PARTNERS, INC
    * FAT BRANDS INC:  PURCHASE IS EXPECTED TO BRING 61 NEW
CORPORATE
LOCATIONS UNDER FAT BRANDS' UMBRELLA

Source text for Eikon:  ID:nGNX4wPK5s 
Further company coverage:  FAT.O 

 ((Reuters.Briefs@thomsonreuters.com;))