Florida-based breakfast-and-brunch chain First Watch files for IPO

Breakfast-and-brunch chain First Watch Restaurants Inc. intends to go public — and raise up to $100 million in the process.

The Bradenton-based restaurant chain registered an initial public offering with the Securities and Exchange Commission on Tuesday, saying it plans to use the proceeds to pay off outstanding debt from its senior credit facilities. It has more than $294 million in debt as of June 27.

First Watch intends for its stock to be traded on the Nasdaq Global Select Market under the…