{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-031163","form_type":"8-K","ticker":null,"cik":"0001195734","company_name":"POTBELLY CORP","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.585027+00:00","generated_at":"2026-06-06T04:09:40.023282+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Potbelly closes $30M credit facility, expects $2M annual interest savings","bullets":["New $30M revolving credit facility matures Feb 2027, led by Wintrust Bank.","Interest rate margin cut 600 bps to SOFR+325 bps from prior SOFR+925 bps.","Expected annual net interest savings of approximately $2 million.","Facility provides financial flexibility to pursue Five-Pillar Strategy growth.","Prior term loan repaid and terminated concurrently with new facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-031163","json":"https://secwatch.observer/filing/0001193125-24-031163.json","markdown":"https://secwatch.observer/filing/0001193125-24-031163.md","text":"https://secwatch.observer/filing/0001193125-24-031163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1195734/000119312524031163/0001193125-24-031163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1195734/000119312524031163/d871749d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:09:40.023282+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7cfcb48bc98b85324115e7563fa5497cb24a5fb9","claim":"POTBELLY CORP incurred revolving credit of $30,000,000 with Wintrust Bank, N.A. at one-month term SOFR or the base rate plus an applicable rate per annum maturing February 7, 2027.","evidence_excerpt":"The Credit Agreement provides for a revolving loan facility with an aggregate commitment of $30,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1195734/000119312524031163/0001193125-24-031163-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$30,000,000"},{"label":"Counterparty","value":"Wintrust Bank, N.A."},{"label":"Rate","value":"one-month term SOFR or the base rate plus an applicable rate per annum"},{"label":"Maturity","value":"February 7, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"76f4325fc9792a49055adc8ea578c61e164b01e9","claim":"POTBELLY CORP terminated Former Credit Facility (effective 2024-02-07).","evidence_excerpt":"Concurrently with entry into the Credit Agreement, Potbelly Corporation (the “Company”) repaid in full and terminated the obligations and commitments of the lenders under the Company’s existing senior secured credit facility (the “Former Credit Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1195734/000119312524031163/0001193125-24-031163-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"},{"claim_id":"d60fc74f3ff4a92b596983e50b89c66a11620087","claim":"POTBELLY CORP entered into Credit Agreement with Wintrust Bank, N.A. valued at $30,000,000 (effective 2024-02-07).","evidence_excerpt":"On February 7, 2024 (the “Closing Date”), Potbelly Sandwich Works, LLC (the “Borrower”) entered into a credit agreement (the “Credit Agreement”) with Wintrust Bank, N.A. as administrative agent (the “Administrative Agent”), the other loan parties party thereto and the lenders party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1195734/000119312524031163/0001193125-24-031163-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wintrust Bank, N.A."},{"label":"Value","value":"$30,000,000"},{"label":"Effective","value":"2024-02-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}