Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) announced on October 2, 2026, the completion of a refinancing of its secured credit facility. The company replaced its prior credit agreement with a new five-year facility totaling $115 million, consisting of a $25 million revolving line of credit and a $90 million term loan.
The new credit facility matures on October 2, 2031. Borrowings are secured by substantially all of the assets of the borrower and guarantors. The company may increase the facility by up to an additional $20 million in the future, subject to lender participation. The term loans require quarterly principal payments, with the annual percentage of the original principal amount increasing over time: 5.0% from the closing date until the second anniversary, 7.5% from the second to the fourth anniversary, and 10% thereafter.
The refinancing was led by JPMorgan Chase Bank, N.A. as Administrative Agent and Collateral Agent, and Texas Capital Bank as Documentation Agent, with JPMorgan Chase Bank, N.A. and U.S. Bank National Association serving as Joint Lead Arrangers and Joint Bookrunners.
In connection with the new agreement, Red Robin terminated its existing credit agreement dated March 4, 2022, and paid off all outstanding borrowings, accrued interest, and fees under that prior agreement.
