Red Robin Completes Refinancing of $115 Million Credit Facility

MT newswire2026/10/05 18:46

02:46 PM EDT, 10/05/2026 (MT Newswires) -- Red Robin Gourmet Burgers (RRGB) completed the refinancing of its secured credit facility on Oct. 2, replacing its prior credit agreement, the company said Monday. The new facility consists of a $25 million revolving line of credit and a $90 million term loan, both maturing Oct. 2, 2031. The company may increase the facility by up to $20 million, subject to lender participation. Proceeds will repay borrowings under the prior agreement and fund working capital, capital expenditures, permitted acquisitions and general corporate needs. The refinancing follows Red Robin's refranchising transactions involving the sale of 108 company-owned restaurants for about $89.4 million in gross proceeds. Price: 8.13, Change: +0.18, Percent Change: +2.26

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