{"schema_version":"secwatch.filing_event.v1","accession":"0001275158-24-000093","form_type":"8-K","ticker":"NDLS","cik":"0001275158","company_name":"NOODLES & Co","filed_at":"2024-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.945177+00:00","generated_at":"2026-05-30T08:04:37.849131+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Noodles & Company amends credit agreement to relax leverage covenants, raises interest rate spreads","bullets":["Leverage covenant max raised to 5.50x through Sep 2025, stepping down to 4.50x by Mar 2027.","SOFR loan spreads increased to 3.75% max; new Pricing Level 6 for leverage >4.50x.","Stock buybacks/dividends require leverage ≤4.00x and fixed charge coverage ≥1.25x.","New lease agreements restricted when leverage ≥4.50x; only 2 leases allowed when <4.50x but >4.00x.","Fixed charge coverage ratio minimum lowered to 1.05x through Sep 2025, then steps up to 1.25x."],"urls":{"canonical":"https://secwatch.observer/filing/0001275158-24-000093","json":"https://secwatch.observer/filing/0001275158-24-000093.json","markdown":"https://secwatch.observer/filing/0001275158-24-000093.md","text":"https://secwatch.observer/filing/0001275158-24-000093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1275158/000127515824000093/0001275158-24-000093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1275158/000127515824000093/ndls-20241029.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T08:04:37.849131+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}