Chipotle enters $500M revolver due 2030, replaces prior facility

CHIPOTLE MEXICAN GRILL INC

New $500M unsecured revolver matures June 24, 2030; includes $20M letter of credit subfacility.
Interest: SOFR + 1.125%-1.875% or ABR + 0.125%-0.875% based on total leverage ratio.
Commitment fee on undrawn amounts ranges from 0.115% to 0.250% per annum.
Financial covenants: max total leverage 3.00x, min consolidated fixed charge coverage 1.50x.
Prior $500M revolver terminated on June 24, 2025; no borrowings outstanding and no early termination penalties.

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