secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2026-10-05T12:20:18+00:00
Accession:  0001104659-26-113514
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 1.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Red Robin refinances with $115M five-year facility: $90M term loan, $25M revolver maturing Oct 2, 2031
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- New Credit Agreement dated October 2, 2026 replaces the March 4, 2022 prior credit agreement, which was terminated and paid off in full.
- Initial pricing on the term loan and revolver is SOFR plus 325 bps, ranging 275-350 bps based on leverage ratio, with no SOFR floor.
- Term loan amortization: 5.0% annually through year two, 7.5% years two to four, then 10%; revolver requires no amortization.
- Facility can be upsized by up to $20M with lender participation; Red Robin International, Inc. is borrower, with the Company and subsidiaries as guarantors.
- Refinancing follows refranchising of 108 restaurants for ~$89.4M, with 8 more Op Burgers locations expected to close for ~$6.6M, totaling ~$96M from 116 stores.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000110465926113514/0001104659-26-113514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000110465926113514/tm2626832d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-113514

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