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FAT Brands greenshoe ups 8.25% cumulative preferreds add-on to $9.2 million
By Wendy Van Sickle
Columbus, Ohio, June 22 – Underwriters for FAT Brands Inc.’s add-on to its 8.25% series B cumulative preferred stock fully exercised their $1.2 million greenshoe, lifting the total size of the add-on to $9.2 million, according to a press release.
The company priced the $8 million add-on to June 17.
Proceeds will be used for general corporate purposes and possible future acquisitions and growth opportunities.
ThinkEquity was the bookrunning manager for the offering.
FAT Brands is a Beverly Hills, Calif.-based restaurant franchising company.
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