RED ROBIN GOURMET BURGERS INC (RRGB) Form 8-K — Oct 5, 2026
Red Robin entered into a new five-year, $115 million credit agreement on October 2, 2026, consisting of a $90 million term loan and a $25 million revolving line of credit, with JPMorgan Chase as administrative agent. The new facility replaces and pays off the company's prior credit agreement dated March 4, 2022, with all outstanding borrowings, interest, and fees settled at closing. Borrowings are secured by substantially all assets of the borrower and guarantors; the term loan amortizes at 5% annually initially, stepping to 10%, and the facility matures October 2, 2031.
Key figures
- Debt Amount
- $115 million total credit facility ($90 million term loan + $25 million revolver)
- Maturity Date
- October 2, 2031
- Accordion
- up to additional $20 million
- Term loan
- $90 million
- Revolving credit
- $25 million
- Term amortization
- 5.0% annually in years 1-2, 7.5% in years 3-4, 10% thereafter
- Swingline sublimit
- $7,500,000
AI analysis
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