---
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"
generated_at: "2026-06-06T04:09:40.023282+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Potbelly closes $30M credit facility, expects $2M annual interest savings

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-031163
- form_type: 8-K
- cik: 0001195734
- company_name: POTBELLY CORP
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-031163
- JSON: https://secwatch.observer/filing/0001193125-24-031163.json
- Plain text: https://secwatch.observer/filing/0001193125-24-031163.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $30,000,000
  - Counterparty: Wintrust Bank, N.A.
  - Rate: one-month term SOFR or the base rate plus an applicable rate per annum
  - Maturity: February 7, 2027
  - Event: incurrence
  source text: The Credit Agreement provides for a revolving loan facility with an aggregate commitment of $30,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1195734/000119312524031163/0001193125-24-031163-index.htm
- Material Agreements
  POTBELLY CORP terminated Former Credit Facility (effective 2024-02-07).
  - Action: termination
  - Agreement: credit facility
  - Effective: 2024-02-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1195734/000119312524031163/0001193125-24-031163-index.htm
- Material Agreements
  POTBELLY CORP entered into Credit Agreement with Wintrust Bank, N.A. valued at $30,000,000 (effective 2024-02-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wintrust Bank, N.A.
  - Value: $30,000,000
  - Effective: 2024-02-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1195734/000119312524031163/0001193125-24-031163-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.