secwatch.observer — SEC 8-K summary
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Issuer:     CHEESECAKE FACTORY INC (CAKE)
CIK:        0000887596
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0001104659-22-108102
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887596/000110465922108102/0001104659-22-108102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887596/000110465922108102/tm2227927d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-108102

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