CAVA amends credit facility, raising revolver to $150 million and extending maturity to 2031
CAVA Group signed Amendment No. 3 to its credit agreement on March 20, 2026, extending the facility's maturity from March 11, 2027 to March 20, 2031 and doubling revolving commitments from $75 million to $150 million. The amended facility is secured by substantially all company and guarantor assets, and pricing depends on the company's Total Rent Adjusted Net Leverage Ratio.
Key points
- Revolving commitments increase from $75 million to $150 million.
- Maturity extended from March 11, 2027 to March 20, 2031.
- Term SOFR margin ranges from 1.00% to 2.25%; base rate margin ranges from 0.00% to 1.25%, based on leverage ratio.
- Facility is guaranteed by domestic restricted subsidiaries and secured by first-priority liens on substantially all assets.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits 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 25, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.