{"schema_version":"secwatch.filing_event.v1","accession":"0001275158-23-000100","form_type":"8-K","ticker":"NDLS","cik":"0001275158","company_name":"NOODLES & Co","filed_at":"2023-12-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.500492+00:00","generated_at":"2026-06-07T07:14:22.977532+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Noodles & Company amends credit agreement; rates increase, leverage covenant eased through 2025","bullets":["SOFR loan interest margin raised to 1.75%-3.00% from 1.50%-2.50% based on leverage ratio.","Maximum consolidated total lease adjusted leverage ratio raised to 4.50x through Dec 30, 2025, then steps down.","Fixed charge coverage ratio amended to exclude growth capital expenditures (new restaurants, digital menu boards).","New restriction: only two new leases allowed if pro forma leverage not at least 25bps below covenant level.","$5M open-market share repurchase completed in fiscal Q3 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001275158-23-000100","json":"https://secwatch.observer/filing/0001275158-23-000100.json","markdown":"https://secwatch.observer/filing/0001275158-23-000100.md","text":"https://secwatch.observer/filing/0001275158-23-000100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1275158/000127515823000100/0001275158-23-000100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1275158/000127515823000100/ndls-20231221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T07:14:22.977532+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":"e9330346473f3a24d4f1f95f8524d712526d8e6a","claim":"NOODLES & Co amended Amended and Restated Credit Agreement with U.S. Bank National Association valued at Increased applicable rate ranges, amended fixed charge coverage ratio, added capital expenditure cov (effective 2023-12-21).","evidence_excerpt":"On December 21, 2023, Noodles & Company (the “Company”) amended its Amended and Restated Credit Agreement, dated as of July 27, 2022 (as further amended, restated, extended, supplemented, modified and otherwise in effect from time to time, the “Credit Agreement”), by and among the Company, as Borrower (as defined in the Credit Agreement), each other Loan Party (as defined in the Credit Agreement) party thereto, each lender from time to time party thereto, and U.S. Bank National Association, as Administrative Agent, L/C Issuer and Swing Line Lender (each as defined in the Credit Agreement), by entering into that certain First Amendment to Amended and Restated Credit Agreement (the “Amendment”), by and among the Company, the other Loan Parties signatory thereto, the lenders signatory thereto and U.S. Bank National Association, as the Administrative Agent, L/C Issuer and Swing Line Lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1275158/000127515823000100/0001275158-23-000100-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Value","value":"Increased applicable rate ranges, amended fixed charge coverage ratio, added capital expenditure cov"},{"label":"Effective","value":"2023-12-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}