Biglari Sells 402,427 Shares of Cracker Barrel; Loans Fat Brands $20 million

February 14, 2019

Fat Brands (FAT-NASDAQCM), the franchisor that owns Fatburger, Hurricane Grill and Wings, Buffalo’s Café and Buffalo’s Express, Ponderosa and Bonanza Steakhouses, and Yalla Mediterranean, has received a $20 million loan from Sardar Biglari’s managed investment fund, The Lion Fund, L.P. and The Lion Fund II, L.P.