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

Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

Borrowings (Tables)

6 Months Ended

Jul. 09, 2023

Borrowings as of July 9, 2023 and December 25, 2022 are summarized below (in thousands):


	July 9, 2023		Variable Interest Rate		December 25, 2022		Variable Interest Rate
Revolving line of credit	$	—			$	15,000	10.44	%
Term loan	197,500		12.12	%	199,000		9.81	%
Notes payable	875				875
Total borrowings	198,375				214,875
Less: unamortized debt issuance costs and discounts(1)	7,410				8,345
Less: current portion of long-term debt	2,875				3,375
Long-term debt	$	188,090			$	203,155

Revolving line of credit unamortized deferred financing charges(1):	$	861			$	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 Condensed Consolidated Balance Sheets.

- 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