---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-016530"
form_type: "8-K"
ticker: "CAKE"
cik: "0000887596"
company_name: "CHEESECAKE FACTORY INC"
filed_at: "2025-02-24T23:59:59+00:00"
generated_at: "2026-05-26T06:39:35.257810+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cheesecake Factory proposes $450M convertible notes due 2030; plans $130M share buyback

## Summary
- Proposed offering of $450M aggregate principal amount of convertible senior notes due 2030, with option for initial purchasers to buy up to an additional $67.5M.
- Notes will mature March 15, 2030, be senior unsecured, accrue interest semi-annually, and be convertible into cash and possibly shares.
- Up to $130M of net proceeds to be used to repurchase common stock concurrently with pricing.
- Portion of proceeds to repurchase some of the outstanding 0.375% Convertible Senior Notes due 2026.
- Remainder of proceeds for general corporate purposes, including repayment of revolving credit facility debt.

## SEC filing metadata
- accession: 0001104659-25-016530
- form_type: 8-K
- ticker: CAKE
- cik: 0000887596
- company_name: CHEESECAKE FACTORY INC
- filed_at: 2025-02-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887596/000110465925016530/0001104659-25-016530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887596/000110465925016530/tm257402d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-016530
- JSON: https://secwatch.observer/filing/0001104659-25-016530.json
- Plain text: https://secwatch.observer/filing/0001104659-25-016530.txt

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