secwatch.observer — SEC 8-K summary
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Issuer:     CRACKER BARREL OLD COUNTRY STORE, INC (CBRL)
CIK:        0001067294
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001104659-22-072376
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cracker Barrel enters $700M amended credit facility, replaces $800M prior facility
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- New $700M revolving credit facility entered on June 17, 2022; replaces $800M 2018 facility.
- Facility matures June 17, 2027; includes $75M L/C subfacility and $25M swingline.
- Interest at Base Rate or Term SOFR plus margin (0.00-1.00% / 1.00-2.00%) based on leverage.
- Financial covenants: consolidated senior secured leverage ratio and interest coverage ratio.
- Dividends/repurchases restricted by leverage test; unlimited if senior secured leverage ≤ 2.75x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1067294/000110465922072376/0001104659-22-072376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1067294/000110465922072376/tm2218750d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-072376

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