other material
confidence high
sentiment neutral
materiality 0.40
Good Times Restaurants amends credit agreement to permit $445k stock repurchase from West entities
Good Times Restaurants Inc.
- Entered Second Amendment to Credit Agreement with Cadence Bank to allow repurchase of equity interests up to $445,317.60.
- Repurchase from West Interests LLC and West Partners LP per stock repurchase agreements dated May 23, 2024.
- Amendment modifies Consolidated Fixed Charge Coverage Ratio to exclude this repurchase from restricted payments calculation.
- All representations and warranties reaffirmed; no default occurred as of amendment date.