secwatch.observer — SEC 8-K summary
======================================

Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2026-09-01T20:10:45+00:00
Accession:  0001628280-26-059804
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin completes sale of 108 restaurants for $89.4M; proceeds to cut debt
----------------------------------------------------------------------------

- Sold 108 company-owned restaurants for ~$89.4M gross: Evergreen 30 units ($23.5M), Op Burgers 61 units ($55.9M), Kuber 17 units ($10M).
- Remaining 8 Op Burgers restaurants to close by FY2026 end for ~$6.6M; total 116 units, ~$96M proceeds.
- Proceeds primarily repay credit facility borrowings; supports debt refinancing under First Choice Plan.
- Pro forma long-term debt falls to $67.4M from $163.4M; FY2025 net income swings to +$14.3M from -$23.3M loss.
- Buyers operate restaurants as franchised Red Robin locations under long-term franchise agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000162828026059804/0001628280-26-059804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000162828026059804/rrgb-20260826.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-059804

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer