Cheesecake Factory enters $400M credit facility, matures Oct 2027, with accordion to $600M

CHEESECAKE FACTORY INC

New $400M revolving credit facility (plus $200M accordion feature) matures October 6, 2027.
Covenants: max net adjusted leverage ratio of 4.25x, min EBITDAR to interest+rent of 1.90x.
Interest at SOFR or prime rate plus spread ranging 1.00-1.75% (SOFR) or 0.00-0.75% (prime).
Facility is unsecured; certain material subsidiaries guarantee obligations.
Proceeds for general corporate purposes, including dividends, stock repurchases, and acquisitions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.