Red Robin agrees to sell 30 restaurants to Evergreen for $23.5M cash

RED ROBIN GOURMET BURGERS INC

Sale of 30 company-owned Red Robin restaurants in Washington and Idaho to Evergreen Dining LLC for $23.5 million in cash.
Proceeds from the transaction will be used primarily to pay down outstanding debt and improve financial flexibility.
Evergreen Dining is an experienced multi-unit operator with over 1,200 employees across its operating entities.
Transaction expected to close in the second half of 2026, target date August 21, 2026, subject to customary closing conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RED ROBIN GOURMET BURGERS INC entered into Asset Purchase Agreement with Evergreen Dining LLC valued at $23.5 million (effective 2026-05-27).

Action: entry
Agreement: asset purchase
Counterparty: Evergreen Dining LLC
Value: $23.5 million
Effective: 2026-05-27

Exact text from the filing

On May 27, 2026, Red Robin International, Inc., a Nevada corporation (“RRI”) and wholly owned subsidiary of Red Robin Gourmet Burgers, Inc. (the “Company”), entered into an Asset Purchase Agreement (the “APA”) with Evergreen Dining LLC, a Washington limited liability company (“Evergreen”), pursuant to which RRI agreed to sell certain assets related to 30 company-owned Red Robin restaurants located in Washington and Idaho, and Evergreen agreed to assume certain liabilities related to those restaurants, for an aggregate purchase price of $23.5 million in cash

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Source: SEC EDGAR

accession 0000950142-26-001522

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