Texas Roadhouse, Inc. (TXRH): debt financing — Texas Roadhouse enters new $450M revolver expiring 2030, replaces prior facility

Texas Roadhouse, Inc.

New $450M unsecured revolving credit facility, with $250M accordion option.
Matures April 24, 2030; interest at SOFR + 0.10% + variable margin (1.00%-1.75%) based on leverage.
Financial covenants: fixed charge coverage >=2.00x, leverage <=3.00x.
No borrowings drawn at closing; prior 2017 facility terminated.
Led by JPMorgan Chase and PNC Bank as administrative agents.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Texas Roadhouse, Inc. incurred revolving credit of up to $450.0 million with syndicate of commercial lenders led by JPMorgan Chase Bank, N.A and PNC Bank, N.A at Term Secured Overnight Financing Rate (SOFR), plus a fixed adjustment of 0.10% a maturing April 24, 2030.

Instrument: revolving credit
Principal: up to $450.0 million
Counterparty: syndicate of commercial lenders led by JPMorgan Chase Bank, N.A and PNC Bank, N.A
Rate: Term Secured Overnight Financing Rate (SOFR), plus a fixed adjustment of 0.10% a
Maturity: April 24, 2030
Event: incurrence

Exact text from the filing

credit facility agreement dated August 7, 2017, as amended. The credit facility is a five-year, unsecured, revolving credit facility under which the Company can borrow up to $450.0 million with the option to increase by an additional $250.0 million, subject to certain limitations set forth in the credit facility agreement, including approval by the syndicate of

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Texas Roadhouse, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-039415

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