secwatch.observer — SEC 8-K summary
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Issuer:     CHEESECAKE FACTORY INC (CAKE)
CIK:        0000887596
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001104659-26-037831
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Cheesecake Factory enters new $400M revolver, maturing 2031
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887596/000110465926037831/0001104659-26-037831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887596/000110465926037831/tm2610653d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-037831

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer