Cheesecake Factory enters $400 million revolving credit facility maturing March 2031
The Cheesecake Factory entered into a Fifth Amended and Restated Loan Agreement dated March 26, 2026, providing a $400 million revolving credit facility maturing March 26, 2031, that replaces its prior Fourth Amended and Restated Loan Agreement from October 6, 2022. The company says the facility will fund general corporate purposes, including dividends, stock repurchases and permitted acquisitions, and it carries unsecured obligations with covenants that restrict additional debt, dividends and certain investments.
Key points
- $400 million revolving credit facility matures March 26, 2031, with JPMorgan Chase Bank, N.A. as administrative agent
- Facility includes a feature for up to an additional $200 million in revolving commitments, subject to conditions
- Financial covenants tested quarterly: maximum net adjusted leverage of 4.25 to 1.00 and minimum EBITDAR to interest and rent expense of 1.90 to 1.00
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 31, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.