Red Robin Completes $115M Refinancing, Replacing Prior Credit Facility
RRGB has more than doubled off its 52-week low of $2.455.
Summary
Red Robin completed a $115 million refinancing on October 2, 2026, replacing its prior credit agreement with a new five-year facility led by JPMorgan Chase.
Key Events · Financing and Capital Events · RRGB
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New $115M Credit Facility
Red Robin entered into a new five-year credit agreement on October 2, 2026, consisting of a $25 million revolving line of credit and a $90 million term loan, maturing October 2, 2031.
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Refinancing Terms
Initial pricing is SOFR plus 325 basis points with no SOFR floor. The term loan amortizes at 5.0% annually for years 1-2, 7.5% for years 3-4, and 10% thereafter.
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Upsize Option
The company may increase the facility by up to an additional $20 million in the future, subject to lender participation.
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Use of Proceeds
Proceeds will repay all borrowings under the prior credit agreement, pay related fees and expenses, and support working capital and general corporate needs.
Analysis · RRGB · Trade & Services
Red Robin replaced its existing credit agreement with a new five-year, $115 million facility consisting of a $25 million revolver and a $90 million term loan. The refinancing follows the company's $89.4 million refranchising transactions and provides a longer runway and greater financial flexibility under its First Choice Plan. The new facility matures in 2031 and carries an initial rate of SOFR plus 325 basis points, with the option to increase by up to $20 million.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RRGB was trading at $7.80 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $150.3M. The 52-week trading range was $2.46 to $10.95. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.