secwatch.observer — SEC 8-K summary
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Issuer:     BJs RESTAURANTS INC (BJRI)
CIK:        0001013488
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001193125-21-323213
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013488/000119312521323213/0001193125-21-323213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013488/000119312521323213/d255828d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-323213

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