debt
confidence high
sentiment positive
materiality 0.65
CAVA amends credit facility: revolver doubled to $150M, maturity extended to 2031
CAVA GROUP, INC.
- Revolving commitments increased from $75M to $150M.
- Maturity extended from March 11, 2027 to March 20, 2031.
- Interest: base rate + 0.00%-1.25% or Term SOFR + 1.00%-2.25%, based on leverage ratio.
- Facility secured by substantially all assets and guaranteed by domestic restricted subsidiaries.
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