secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001171759-23-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin amends credit agreement to remove $50M cap on sale-leaseback transactions
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- Removed the $50M aggregate cap on sale-leasebacks of company-owned real property.
- Net proceeds up to $50M may be reinvested in business within 360 days.
- Net proceeds exceeding $50M require mandatory prepayment of term loans.
- Prepayment premium on mandatory prepayments from excess sale-leaseback proceeds reduced to 50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000035/0001171759-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000117175923000035/rrgb-20230717.htm
  HTML page:      https://secwatch.observer/filing/0001171759-23-000035

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