Twin Peaks Owner, Creditors Tap Advisers for Debt Talks (1)

Restaurant chain owner FAT Brands Inc. and its creditors are working with advisers to discuss a potential restructuring of its roughly $1.2 billion of whole business securitization debt, according to people with knowledge of the discussions.

FAT Brands is getting advice from GLC Advisors & Co. while the creditors huddle with investment bank Houlihan Lokey Inc., said the people, who asked not to be named discussing private developments.

The group is negotiating a reworking of the debt, which FAT Brands has struggled to service despite relatively steady performance at its chains, according to one of the people, who asked not ...