Bonds Billed as Safe Fail Investors in FAT Brands
FAT Brands’ securitization was meant to be `bankruptcy-remote’
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Welcome to The Brink. It’s Soma Biswas and Scott Carpenter in New York, where we’re following a key test for whole-business securitizations after FAT Brands went bankrupt. We also have the latest developments on widening exposures to failed UK mortgage-finance firm Market Financial Solutions. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
The failure of restaurant owner FAT Brands is reverberating in a corner of the debt markets that’s supposed to be safe from bankruptcy.