Red Robin Gourmet Burgers Inc: new $115,000,000 credit agreement

What happened

• The filing reports that on Oct 2, 2026 the company replaced its Prior Credit Agreement with a new Credit Agreement by and among the company, Red Robin International, Inc., as borrower, the lenders party thereto, issuing banks party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, Texas Capital Bank, as documentation agent, and JPMorgan Chase Bank, N.A. and U.S. Bank National Association as joint lead arrangers and joint bookrunners.
• The filing states that, on Oct 2, 2026, Red Robin International, Inc., the company, and the guarantors also entered into a Pledge and Security Agreement granting the administrative agent a first priority security interest in substantially all assets of the borrower and the guarantors to secure obligations under the Credit Agreement.

Key details

• The Credit Agreement is a five-year, $115,000,000 credit facility consisting of a $25,000,000 revolving line of credit and a $90,000,000 term loan; the borrower may increase the facility by up to $20,000,000 subject to lender participation.
• The new credit facility matures on Oct 2, 2031.
• No amortization is required for the revolving credit facility; term loans require quarterly principal payments equal in the aggregate annually to: 5.0% of original term loan principal from closing until the second anniversary, 7.5% from the second anniversary until the fourth anniversary, and 10% thereafter.
• Borrowings are secured by substantially all assets of the borrower and guarantors; the company and certain of its subsidiaries are guarantors. The filing also notes customary fees payable to agents, lenders and issuing banks.

Why it may matter

• The filing reports Item 1.02 (termination of a material definitive agreement) because the Prior Credit Agreement was replaced, Item 2.03 (creation of a direct financial obligation) because the Credit Agreement creates new borrowings and guarantees, and Item 7.01 (Regulation FD disclosure) by furnishing a press release dated Oct 5, 2026.
• The filing does not show why the insider traded or why the company acted.