secwatch.observer — SEC 8-K summary
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Issuer:     CHIPOTLE MEXICAN GRILL INC (CMG)
CIK:        0001058090
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001058090-25-000047
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058090/000105809025000047/0001058090-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058090/000105809025000047/cmg-20250624.htm
  HTML page:      https://secwatch.observer/filing/0001058090-25-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer