{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-032046","form_type":"8-K","ticker":"SG","cik":"0001477815","company_name":"Sweetgreen, Inc.","filed_at":"2022-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.794288+00:00","generated_at":"2026-06-21T03:16:13.976314+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sweetgreen upsizes credit facility to $45M, extends maturity to Dec 2024","bullets":["Revolving credit facility increased from $35M to $45M via Amendment No. 3 with EagleBank.","Maturity extended from Dec 14, 2022 to Dec 13, 2024 (or 90 days prior to any permitted convertible debt maturity).","Interest rate set at one-month Term SOFR + 2.90%, with a 3.75% floor.","No outstanding balance on the facility; only a $950K irrevocable standby letter of credit remains.","Covenant requires liquidity (cash plus available revolver) at least equal to trailing 90-day cash burn."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-032046","json":"https://secwatch.observer/filing/0001628280-22-032046.json","markdown":"https://secwatch.observer/filing/0001628280-22-032046.md","text":"https://secwatch.observer/filing/0001628280-22-032046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477815/000162828022032046/0001628280-22-032046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477815/000162828022032046/sg-20221213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T03:16:13.976314+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":"5fd51ba51e4da3cbf30173a3993465d688e78250","claim":"Sweetgreen, Inc. amended revolving credit of $45.0 million with EagleBank at one-month term SOFR, plus 2.90% maturing December 13, 2024.","evidence_excerpt":"The Third Amendment upsizes the existing revolving credit facility from $35.0 million to $45.0 million, and extends the maturity date of such revolving credit facility from December 14, 2022 to December 13, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1477815/000162828022032046/0001628280-22-032046-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$45.0 million"},{"label":"Counterparty","value":"EagleBank"},{"label":"Rate","value":"one-month term SOFR, plus 2.90%"},{"label":"Maturity","value":"December 13, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"8d5ef10fa83b97b4479b60d5a67833650c799a8a","claim":"Sweetgreen, Inc. amended Amendment No. 3 to First Amended and Restated Revolving Credit, Delayed Draw Term Loan and Security Agreement with EagleBank valued at $45.0 million (effective 2022-12-13).","evidence_excerpt":"On December 13, 2022, Sweetgreen, Inc. (the “ Company ”) and certain of its material subsidiaries entered into an Amendment No. 3 to First Amended and Restated Revolving Credit, Delayed Draw Term Loan and Security Agreement (the “ Third Amendment ”), which amends the Company’s existing 2020 Credit Facility with EagleBank (as amended, the “ Amended 2020 Credit Facility ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1477815/000162828022032046/0001628280-22-032046-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"EagleBank"},{"label":"Value","value":"$45.0 million"},{"label":"Effective","value":"2022-12-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}