RED ROBIN GOURMET BURGERS, INC., COMPLETES SALE OF 108 RESTAURANTS FOR $89.4 MILLION

Red Robin refinanced its credit facility, securing $115 million with a 3.25% initial interest rate. The move follows the sale of 108 restaurants for $89.4 million to reduce debt. CEO David Pace stated the refinancing strengthens the company's financial foundation to support its turnaround plan. Red Robin's stock is up 93% year to date.

Red Robin secured a $115 million five-year credit facility, including a $25 million revolver and a $90 million term loan, to refinance debt and support operations. The company terminated its 2022 credit and security agreements, replacing them with a new first-lien security agreement. The new facility is expected to enhance liquidity and financial flexibility.

Red Robin (NASDAQ: RRGB) completed a $115M refinancing, including a $25M revolving line and a $90M term loan, maturing in 2031. The move follows the sale of 108 restaurants for $89.4M, with 8 more expected to close by year-end, totaling $96M. Proceeds and improved performance strengthened the company's balance sheet. The new facility will repay prior debt, support working capital, and fund acquisitions and capital expenditures.

Red Robin (RRGB) sold 108 company-owned restaurants for $89.4M, with 8 more expected to close, totaling $96M. Proceeds will repay debt. The move shifts operational costs to franchisees but reduces revenue. RRGB aims to offset this with debt relief and royalty income. The impact on profitability remains uncertain.

RED ROBIN GOURMET BURGERS INC (RRGB) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. For media relations questions: Hannah Atteberry, Red Robin Gourmet Burgers, Inc. media@redrobin.com For investor relations questions: Jeff Priester, ICR investor@redrobin.com RED ROBIN GOURMET BURGERS, INC., COMPLETES SALE OF 108 RESTAURANTS FOR $89.4 MILLION Remaining 8 restaura

Red Robin (RRGB) reported Q2 2026 revenues of $277.6M, down 2.2% YoY due to restaurant closures. Comparable restaurant revenue rose 1.3%, with traffic down 0.2% but outperforming industry benchmarks. Restaurant-level operating margin improved to 14.7%. The company expects $96M from refranchising 116 restaurants and maintained full-year guidance. Management highlighted progress in traffic trends and operational improvements, including a value-driven platform called Big Yummm.