Financing ·
Red Robin refranchises 108 restaurants for $89.4M and refinances debt into a new $115M credit facility
RRGBRed Robin Gourmet Burgers Inc
Red Robin completed the refranchising of 108 company-owned restaurants through three transactions, generating approximately $89.4 million in aggregate cash proceeds. The company also refinanced its secured credit facility on October 2, 2026, with a new five-year $115 million agreement comprising a $25 million revolving line and a $90 million term loan. These strategic moves aim to reduce outstanding debt and strengthen the balance sheet under the First Choice plan. The company rescheduled its fiscal third quarter earnings release and conference call to November 18, 2026, due to the complexity of accounting for these transactions. Red Robin operates a casual dining restaurant chain serving gourmet burgers.