---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-000856"
form_type: "8-K"
ticker: "STKS"
cik: "0001399520"
company_name: "ONE Group Hospitality, Inc."
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:14:21.183090+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# One Group Hospitality draws $50M delayed term loan at SOFR+6.50%, repays $5M revolver

## Summary
- Borrowed $50M under delayed draw term facility on Dec 28, 2022.
- Repaid $5M on its revolving credit facility.
- Loan bears interest at SOFR plus 6.50%, matures August 6, 2026.
- Proceeds held to accelerate restaurant openings, capex, share repurchases, or acquisitions.
- Cash balances earn approximately 3.75% interest income.

## SEC filing metadata
- accession: 0001104659-23-000856
- form_type: 8-K
- ticker: STKS
- cik: 0001399520
- company_name: ONE Group Hospitality, Inc.
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1399520/000110465923000856/0001104659-23-000856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1399520/000110465923000856/tm231564d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-000856
- JSON: https://secwatch.observer/filing/0001104659-23-000856.json
- Plain text: https://secwatch.observer/filing/0001104659-23-000856.txt

## Key facts
- Debt Financings
  ONE Group Hospitality, Inc. incurred term loan of $50 million with Goldman Sachs Bank USA, as collateral agent, and Goldman Sachs Specialty Lending Group, L.P., as administrative agent at SOFR plus 6.50% maturing August 6, 2026.
  - Instrument: term loan
  - Principal: $50 million
  - Counterparty: Goldman Sachs Bank USA, as collateral agent, and Goldman Sachs Specialty Lending Group, L.P., as administrative agent
  - Rate: SOFR plus 6.50%
  - Maturity: August 6, 2026
  - Event: incurrence
  source text: On December 28, 2022, the Company borrowed $50 million of the delayed draw term facility and repaid $5 million on its revolving credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1399520/000110465923000856/0001104659-23-000856-index.htm

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