---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-078990"
form_type: "8-K"
ticker: "NATH"
cik: "0000069733"
company_name: "NATHANS FAMOUS, INC."
filed_at: "2024-07-10T23:59:59+00:00"
generated_at: "2026-05-31T22:19:37.403675+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nathan's Famous enters $70M credit facility; redeems $60M secured notes due 2025

## Summary
- New $60M term loan and $10M revolver (expandable by $10M) from Citibank, matures July 2029.
- Proceeds used to refinance $60M 6.625% Secured Notes due 2025; redemption called for Aug 14, 2024.
- Interest at Term SOFR + 1.40% or Base Rate; commitment fee 0.20% on undrawn revolver.
- Unsecured; quarterly amortization of 1% of original term loan starting Sept 30, 2024.
- Covenants: fixed charge coverage ≥1.20x, net leverage ≤3.00x.

## SEC filing metadata
- accession: 0001104659-24-078990
- form_type: 8-K
- ticker: NATH
- cik: 0000069733
- company_name: NATHANS FAMOUS, INC.
- filed_at: 2024-07-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69733/000110465924078990/0001104659-24-078990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69733/000110465924078990/tm2419221d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-078990
- JSON: https://secwatch.observer/filing/0001104659-24-078990.json
- Plain text: https://secwatch.observer/filing/0001104659-24-078990.txt

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