---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-108102"
form_type: "8-K"
ticker: "CAKE"
cik: "0000887596"
company_name: "CHEESECAKE FACTORY INC"
filed_at: "2022-10-12T23:59:59+00:00"
generated_at: "2026-06-23T04:12:13.640438+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-108102
- form_type: 8-K
- ticker: CAKE
- cik: 0000887596
- company_name: CHEESECAKE FACTORY INC
- filed_at: 2022-10-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887596/000110465922108102/0001104659-22-108102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887596/000110465922108102/tm2227927d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-108102
- JSON: https://secwatch.observer/filing/0001104659-22-108102.json
- Plain text: https://secwatch.observer/filing/0001104659-22-108102.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.