Business context and reporting period
Red Robin Gourmet Burgers, Inc. filed this Form 8-K for an October 2, 2026 financing transaction. The filing reports a replacement credit facility; it does not report quarterly or annual operating results. The company announced the facility in a press release dated October 5, 2026.
Financing and liquidity
- The company replaced its March 4, 2022 credit agreement with a five-year facility totaling $115 million: a $25 million revolving line and a $90 million term loan. The facility matures October 2, 2031.
- The borrower may seek up to $20 million of additional facility capacity, subject to lender participation and the agreement’s terms.
- The revolving facility has no required amortization. Term-loan annual principal payments are 5.0% of original principal through the second anniversary, 7.5% from the second through fourth anniversaries, and 10% thereafter, payable quarterly.
- Red Robin International, Inc. is the borrower; the company and certain subsidiaries guarantee the obligations. Substantially all assets of the borrower and guarantors secure the facility, with a first-priority security interest.
- Permitted uses include refinancing existing indebtedness, transaction expenses, working capital, general corporate needs, permitted acquisitions, and capital expenditures; restricted payments are excluded.
- In connection with the refinancing, the company paid all outstanding borrowings, accrued interest, and fees under the prior agreement. The filing does not state the amount repaid, new amounts drawn, interest rates, current cash balance, or remaining availability.
Changes, outlook, and risks
The new agreement replaces the prior credit agreement and security agreement. The filing provides financing terms but no revenue, profit, cash-flow, margin, or debt-balance figures, and no business guidance or operating outlook. Borrowings carry customary fees, and the secured facility places substantially all assets of the borrower and guarantors at risk if obligations are not met. The filing summary does not specify interest-rate terms or other detailed covenants; the full agreements are referenced as Exhibits 10.1 and 10.2.
Important facts for investors to verify
- Outstanding balances under the new term loan and revolver, and unused revolver capacity.
- Applicable interest rates, fees, financial covenants, and any restrictions in the full credit agreement.
- Cash proceeds and the exact amount of prior debt repaid in the refinancing.
- The furnished October 5, 2026 press release and the complete agreements for additional terms.