---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-397249"
form_type: "8-K"
ticker: "JMKE"
cik: "0002127043"
company_name: "Jersey Mike's Subs Inc."
filed_at: "2026-09-22T12:00:15+00:00"
generated_at: "2026-09-22T12:05:39.834498+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blackstone pledges 54.3% of Jersey Mike's shares in $1.09B margin loan

## Summary
- Blackstone affiliates borrowed ~$1.09B under margin loan agreements dated Sept 16, 2026 with Morgan Stanley Senior Funding as admin agent.
- Pledged collateral: 127,631,450 Class A shares, 44,990,370 Class B shares, and 44,990,370 HoldCo common units.
- Pledged shares/units equal ~54.3% of outstanding Class A stock on a converted, as-exchanged basis.
- Company is not a party to loans but agreed not to materially hinder or delay lender remedies under pledge agreements.
- Loan agreements include customary default provisions allowing foreclosure on pledged collateral upon default.

## SEC filing metadata
- accession: 0001193125-26-397249
- form_type: 8-K
- ticker: JMKE
- cik: 0002127043
- company_name: Jersey Mike's Subs Inc.
- filed_at: 2026-09-22T12:00:15+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2127043/000119312526397249/0001193125-26-397249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2127043/000119312526397249/ck0002127043-20260916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-397249
- JSON: https://secwatch.observer/filing/0001193125-26-397249.json
- Plain text: https://secwatch.observer/filing/0001193125-26-397249.txt

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