secwatch.observer — SEC 8-K summary
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Issuer:     Texas Roadhouse, Inc. (TXRH)
CIK:        0001289460
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001104659-23-062707
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Roadhouse amends credit agreement to replace LIBOR with SOFR benchmark
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- Amendment No. 3 transitions from LIBOR to Term SOFR plus fixed 0.10% adjustment and variable spread of 0.875%-1.875% based on leverage ratio.
- No outstanding borrowings under the $300M revolving facility at time of transition; accordion feature allows up to $500M total.
- Credit agreement remains unsecured; lenders led by JPMorgan and PNC; effective May 19, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289460/000110465923062707/0001104659-23-062707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289460/000110465923062707/tm2316109d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-062707

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