BJ's Restaurants amends credit facility to $215M, relaxes covenants, extends to Nov 2026

BJs RESTAURANTS INC

Credit facility remains at $215M, expandable to $315M; matures November 3, 2026.
Minimum liquidity covenant eliminated; capital expenditure limits lifted; anti-cash hoarding condition removed.
Interest rate based on BSBY plus up to 2% or Base Rate plus up to 1%; initial pricing at highest level.
Financial covenants reset to pre-pandemic levels starting Q4 2021; fixed charge and leverage ratios on trailing four quarters.
Facility secured by assets of BJ's and subsidiaries; continues to be guaranteed by subsidiaries.

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