debt
confidence high
sentiment neutral
materiality 0.50
BJ's Restaurants enters into $215M secured revolving credit facility, maturing 2030
BJs RESTAURANTS INC
- $215M revolving credit facility, can increase to $315M, matures May 30, 2030.
- Adds swingline subfacility up to $20M for same-day borrowings, repayable in 10 business days.
- Interest rates: Term SOFR plus up to 2.00% or Base Rate plus up to 1.00% based on lease-adjusted leverage.
- Facility secured by assets of BJ's and subsidiaries; guaranteed by subsidiaries.
- Replaces existing Fourth Amended and Restated Credit Agreement dated November 2021.
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