October 25, 2016 7:27 AM ET

Hotels, Restaurants and Leisure

Company Overview of Red Robin International, Inc.

Company Overview

Red Robin International, Inc. operates restaurants. The company also operates restaurants through its franchisees. The company offers gourmet burgers, bottomless steak fries, and beverages. The company was founded in 1969 and is based in Greenwood Village, Colorado. Red Robin International, Inc. operates as a subsidiary of Red Robin Gourmet Burgers Inc.

6312 South Fiddler's Green Circle

Suite 200 North

Greenwood Village, CO 80111

United States

Founded in 1969





Key Executives for Red Robin International, Inc.

Director of Restaurant Systems
Age: 50
Age: 66
Compensation as of Fiscal Year 2016.

Red Robin International, Inc. Key Developments

Red Robin International, Inc. Replaces Existing Credit Facility with a New Credit Agreement

On June 30, 2016, Red Robin Gourmet Burgers Inc. replaced its existing credit facility with a new Credit Agreement by and among the Company; Red Robin International, Inc., as the borrower; the domestic subsidiaries of the borrower from time to time parties thereto; the lender parties thereto; Wells Fargo Bank, N.A. as Administrative Agent; Bank of America, N.A., as Syndication Agent; Compass Bank, Cooperative Rabobank U.A., New York Branch, and U.S. Bank National Association, as Documentation Agents; and Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as Joint Lead Arrangers and Joint Book runners. The five-year Credit Agreement provides for a $400 million revolving line of credit and the borrower maintains the option to increase the credit facility in the future, subject to lenders' participation, by up to an additional $100 million in the aggregate. The new credit facility will mature on June 30, 2021, an extension of two additional years from the maturity of the Company's current credit facility, which provides additional flexibility to facilitate future strategic activities to enhance stockholder value. Red Robin International, Inc. is the borrower under the Credit Agreement, and certain of its subsidiaries and the Company are guarantors of borrower's obligations under the Credit Agreement. Borrowings under the Credit Agreement are secured by substantially all of the assets of the borrower and the guarantors, including the Company, and are available to: (i) refinance certain existing indebtedness of the borrower and its subsidiaries, (ii) finance restaurant construction costs, (iii) pay costs, fees and expenses in connection with such new restaurant construction, (iv) pay any fees and expenses in connection with the Credit Agreement, and (v) provide for the working capital and general corporate requirements of the Company, the borrower, and its subsidiaries, including permitted acquisitions and the redemption of capital stock.

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Recent Private Companies Transactions

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