secwatch.observer — SEC 8-K summary
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Issuer:     Jersey Mike's Subs Inc. (JMKE)
CIK:        0002127043
Form:       8-K
Filed at:   2026-09-22T12:00:15+00:00
Accession:  0001193125-26-397249
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2127043/000119312526397249/0001193125-26-397249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2127043/000119312526397249/ck0002127043-20260916.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-397249

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