Red Robin completes $115 million credit refinancing with JPMorgan Chase-led facility
Red Robin Gourmet Burgers replaced its prior credit agreement dated March 4, 2022 with a new five-year $115 million credit facility effective October 2, 2026, which matures October 2, 2031. The company used the new borrowings to pay off all outstanding borrowings, accrued interest and fees under the prior agreement. The filing says the refinancing follows refranchising sales that the company says bring total gross proceeds to about $96 million, and it describes the step as part of the First Choice Plan to strengthen the balance sheet.
Key points
- New facility: $25 million revolving line of credit plus $90 million term loan, maturing October 2, 2031
- Term loan amortization of 5.0% annually until the second anniversary, 7.5% until the fourth, and 10% thereafter
- Initial pricing of SOFR plus 325 basis points, within a range of SOFR plus 275 to 350 basis points based on leverage
- Loans are secured by substantially all assets of the borrower and guarantors, including the company; JPMorgan Chase Bank, N.A. is administrative agent
The filing
Written by AI on Nov 9, 2026, 8:36 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 October 05, 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.