{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-059873","form_type":"8-K","ticker":"CBRL","cik":"0001067294","company_name":"CRACKER BARREL OLD COUNTRY STORE, INC","filed_at":"2025-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.398865+00:00","generated_at":"2026-05-19T05:59:28.995976+00:00","sec_items":["1.01","1.02","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Cracker Barrel issues $345M of 1.75% convertible notes due 2030; repurchases $150M of 2026 notes","bullets":["Issued $345M aggregate principal of 1.75% Convertible Senior Notes due 2030; initial conversion price ~$72.23/share (32.5% premium).","Net proceeds ~$333.9M; used $145.9M to repurchase $150M of outstanding 0.625% 2026 notes in concurrent privately negotiated transactions.","Entered into capped call transactions with initial strike ~$72.23 and cap ~$87.22 to offset potential dilution upon conversion.","Partially unwound existing convertible note hedge and warrant transactions related to the repurchased 2026 notes.","Remaining net proceeds to be used for general corporate purposes, including possible repayment under revolving credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-059873","json":"https://secwatch.observer/filing/0001104659-25-059873.json","markdown":"https://secwatch.observer/filing/0001104659-25-059873.md","text":"https://secwatch.observer/filing/0001104659-25-059873.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1067294/000110465925059873/0001104659-25-059873-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1067294/000110465925059873/tm2518035d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T05:59:28.995976+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a7c72610708b8927dde884bae8280bbf29414848","claim":"CRACKER BARREL OLD COUNTRY STORE, INC incurred convertible notes of $345 million aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 1.75% per annum maturing September 15, 2030.","evidence_excerpt":"On June 13, 2025, Cracker Barrel Old Country Store, Inc., a Tennessee corporation (the “Company”), closed its previously announced issuance and sale of $345 million aggregate principal amount of 1.75% Convertible Senior Notes due 2030 (the “Notes”), which included the exercise in full of the initial purchasers’ option to purchase up to an additional $45 million principal amount of the Notes.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1067294/000110465925059873/0001104659-25-059873-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$345 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Rate","value":"1.75% per annum"},{"label":"Maturity","value":"September 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}