Finance

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FAT Brands: The $1.45 Billion Margin Call

Feb 12, 2026

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1 min read

FAT Brands: The $1.45 Billion Margin Call

How a Restaurant Securitization Machine Ate the Business It Was Built to Feed

Diego Berrio

The Capital Stack

Real corporate events. Real capital structures. What broke, who won, and what allocators should learn from it.

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