Texas Roadhouse signs $450 million five-year revolving credit facility, replacing prior 2017 facility
Texas Roadhouse entered a new five-year, unsecured revolving credit agreement on April 24, 2025, with a syndicate of lenders led by JPMorgan Chase Bank and PNC Bank, and terminated its prior credit facility from August 7, 2017. The company can borrow up to $450.0 million, with an option to increase by $250.0 million subject to lender approval, and no amounts were drawn on either facility. The filing describes new borrowing costs tied to net leverage and financial covenants that must be met for lenders to extend credit.
Key points
- Facility allows borrowing up to $450.0 million, with an option to increase by $250.0 million subject to lender approval
- Matures April 24, 2030; interest at Term SOFR plus a 0.10% fixed adjustment and a 1.00% to 1.75% variable adjustment
- Covenants: minimum fixed charge coverage ratio of 2.00 to 1.00 and maximum leverage ratio of 3.00 to 1.00
- Prior facility terminated; no borrowings outstanding on either facility, and fees were paid from cash on hand
The filing
Written by AI on Nov 8, 2026, 1:12 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 April 25, 2025.
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.