Red Robin Gourmet Burgers, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Borrowings (Tables)

Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Borrowings as of December 31, 2023 and December 25, 2022 are summarized below:


	December 31, 2023				December 25, 2022
(Dollars in thousands)	Borrowings		Variable Interest Rates		Borrowings		Variable Interest Rates
Revolving line of credit	$	—			$	15,000	10.44	%
Term loan	189,143		11.62	%	199,000		9.81	%
Notes payable	—				875
Total borrowings	189,143				214,875
Less: unamortized debt issuance costs and discounts(1)	6,549				8,345
Less: current portion of long-term debt	—				3,375
Long-term debt	$	182,594			$	203,155

Revolving line of credit unamortized deferred financing charges(1):	$	752			$	988

(1) Loan origination costs associated with the Company's Credit Facility are included as deferred costs in Other assets, net for financing charges allocated to the Revolving line of credit, and Long-term debt for financing charges associated with the term loan in the accompanying Consolidated Balance Sheets.

Schedule of Maturities of Long-Term Debt

Maturities of long-term debt as of December 31, 2023 are as follows (in thousands):


2024	$	—
2025	—
2026	—
2027	189,143

Thereafter	—
	$	189,143

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details