secwatch.observer — SEC 8-K summary
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Issuer:     Portillo's Inc. (PTLO)
CIK:        0001871509
Form:       8-K
Filed at:   2025-01-27T23:59:59+00:00
Accession:  0001871509-25-000009
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Portillo's enters $400M credit facility amendment; $250M term loan A and $150M revolver
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- New $250M term loan A facility and $150M revolving credit facility, both maturing January 27, 2030.
- Proceeds used to refinance existing credit agreement and for general corporate purposes.
- Interest rates based on SOFR plus spread of 2.00%-2.75% or base rate plus 1.00%-1.75%, dependent on leverage.
- Principal amortization: 2.5% per year in first two years, 5% in years 3-4, 10% in year 5, with balance at maturity.
- Facilities secured by substantially all assets of Portillo's and its guarantors; lenders include Fifth Third Bank, BofA, MUFG, Wells Fargo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871509/000187150925000009/0001871509-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871509/000187150925000009/ptlo-20250127.htm
  HTML page:      https://secwatch.observer/filing/0001871509-25-000009

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