{"schema_version":"secwatch.filing_event.v1","accession":"0001058090-25-000047","form_type":"8-K","ticker":"CMG","cik":"0001058090","company_name":"CHIPOTLE MEXICAN GRILL INC","filed_at":"2025-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.356779+00:00","generated_at":"2026-05-18T15:29:16.667993+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Chipotle enters $500M revolver due 2030, replaces prior facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001058090-25-000047","json":"https://secwatch.observer/filing/0001058090-25-000047.json","markdown":"https://secwatch.observer/filing/0001058090-25-000047.md","text":"https://secwatch.observer/filing/0001058090-25-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058090/000105809025000047/0001058090-25-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058090/000105809025000047/cmg-20250624.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T15:29:16.667993+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e96e3018205931d8d81f61f2270e41f2f08bd9f","claim":"CHIPOTLE MEXICAN GRILL INC incurred revolving credit of $500 million revolving credit facility with JPMorgan Chase Bank, N.A. at Term SOFR Rate plus a spread of 1.125% to 1.875% based on total leverage ratio, maturing June 24, 2030.","evidence_excerpt":"The New Credit Agreement provides for a $500 million revolving credit facility (the “New Revolving Facility”), including a letter of credit sub-facility of up to $20 million. The New Revolving Facility will mature on June 24, 2030, and is guaranteed by certain of Chipotle’s domestic subsidiaries. Borrowings under the New Revolving Facility will bear interest at a rate per annum equal to, at Chipotle’s election, either an annual rate equal to the Term SOFR Rate (as defined in the New Credit Agreement) plus a spread of 1.125% to 1.875% based on Chipotle’s total leverage ratio, or an annual rate equal to the Alternate Base Rate (as defined in the New Credit Agreement) plus a spread of 0.125% to 0.875% based on Chipotle’s total leverage ratio.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058090/000105809025000047/0001058090-25-000047-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$500 million revolving credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"Term SOFR Rate plus a spread of 1.125% to 1.875% based on total leverage ratio,"},{"label":"Maturity","value":"June 24, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}