Item 1.01. Entry into a Material Definitive Agreement.
On
The Amendment No.3 provides for the transition from the London Inter-Bank Offered Rate ("LIBOR") to the Secured Overnight Financing Rate ("SOFR") as the benchmark rate for purposes of calculating interest on outstanding borrowings. Pursuant to the Amendment No.3 under the Amended Credit Agreement, the Company is required to pay interest on outstanding borrowings at the Term SOFR rate, plus a fixed adjustment of 0.10%, plus a variable adjustment of 0.875% to 1.875% depending on the Company's leverage ratio.
The Amended Credit Agreement remains an unsecured, revolving credit agreement
under which the Company can borrow up to
The preceding description of the Amendment No.3 is a summary and is qualified in its entirety by the full text of the amendment, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The information described under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference in this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits 10.1 Amendment No. 3 to Amended and Restated Credit Agreement dated as ofMay 19, 2023 by and amongTexas Roadhouse, Inc. and the lenders named therein andJPMorgan Chase Bank, N.A . as Administrative Agent
104 Cover Page Interactive File (the cover page XBRL tags are embedded in the
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