secwatch.observer — SEC 8-K summary
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Issuer:     GEN Restaurant Group, Inc. (GENK)
CIK:        0001891856
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0000950170-23-052048
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEN Restaurant Group secures $20M revolving credit facility with PCB Bank
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- Facility provides $20.0M revolving line of credit, maturing September 25, 2024.
- Interest rate is Prime plus 0.25% per annum; initial rate 8.75%.
- Loan is secured by substantially all Company assets; subsidiaries guarantee obligations.
- Proceeds to be used for growth initiatives and general working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891856/000095017023052048/0000950170-23-052048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891856/000095017023052048/genk-20230929.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-052048

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