---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-037831"
form_type: "8-K"
ticker: "CAKE"
cik: "0000887596"
company_name: "CHEESECAKE FACTORY INC"
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:19:15.243514+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Cheesecake Factory enters new $400M revolver, maturing 2031

## Summary
- New $400M unsecured revolver replaces Oct 2022 facility; matures March 26, 2031.
- Interest at Term SOFR plus 1.00%-1.50% margin, or prime-based plus 0.00%-0.50%, based on leverage.
- Financial covenants: max net adjusted leverage 4.25x, min EBITDAR to interest+rent 1.90x, quarterly.
- Proceeds for general corporate purposes including dividends, stock repurchases, and acquisitions.
- Commitment increase feature allows additional $200M; letter of credit sublimit can rise by $25M.

## SEC filing metadata
- accession: 0001104659-26-037831
- form_type: 8-K
- ticker: CAKE
- cik: 0000887596
- company_name: CHEESECAKE FACTORY INC
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/887596/000110465926037831/0001104659-26-037831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/887596/000110465926037831/tm2610653d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-037831
- JSON: https://secwatch.observer/filing/0001104659-26-037831.json
- Plain text: https://secwatch.observer/filing/0001104659-26-037831.txt

## Source-grounded claims
- claim_id: f38d3f4018f269e6e6a560e7ab33b3d4b52dcfc6
  claim: CHEESECAKE FACTORY INC amended revolving credit of $400 million revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., Wells Fargo Bank, National Association and BMO Bank N.A., as co-syndication agents at Term SOFR Rate plus an applicable margin based on the Net Adjusted Leverage Rati maturing March 26, 2031.
  evidence_excerpt: which matures on March 26, 2031, provides us with a $400 million revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/887596/000110465926037831/0001104659-26-037831-index.htm
- claim_id: 2206dda64baa5058134715b776abe7a077e2b425
  claim: CHEESECAKE FACTORY INC amended Loan Agreement with JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., Wells Fargo Bank, National Association and BMO Bank N.A., as co-syndication agents, and the lenders party thereto from time to time valued at $400 million (effective 2026-03-26).
  evidence_excerpt: On March 26, 2026 (the “Effective Date”), The Cheesecake Factory Incorporated (the “Company” or “we,” “us” and “our”) entered into a Fifth Amended and Restated Loan Agreement, dated as of March 26, 2026 (the “Loan Agreement” and the credit facility provided thereunder, the “New Facility”), with JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., Wells Fargo Bank, National Association and BMO Bank N.A., as co-syndication agents, and the lenders party thereto from time to time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/887596/000110465926037831/0001104659-26-037831-index.htm

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