January 29, 2015 4:17 PM ET

Hotels, Restaurants and Leisure

Company Overview of Steak n Shake Operations, Inc.

Company Overview

Steak n Shake Operations, Inc. operates a restaurant. The company offers burgers and milk shakes, breakfast menus, lunch and dinner menus, nutrition menus, ingredients and allergens, printable menus, late night menus, grilled salads, and kid’s menus for guests. It also provides franchise opportunities. Steak n Shake Operations, Inc. was formerly known as Steak n Shake, Inc. and changed its name to Steak n Shake Operations, Inc. in February 2001. The company was founded in 1934 and is based in Indianapolis, Indiana. Steak n Shake Operations, Inc. operates as a subsidiary of Biglari Holdings Inc.

107 South Pennsylvania Street

Suite 400

Indianapolis, IN 46204

United States

Founded in 1934

Phone:

317-633-4100

Fax:

317-633-4105

Key Executives for Steak n Shake Operations, Inc.

Steak n Shake Operations, Inc. does not have any Key Executives recorded.

Steak n Shake Operations, Inc. Key Developments

Steak n Shake Operations, Inc. Enters into Senior Secured Term Loan Facility Agreement in an Aggregate Principal Amount of $220.0 Million

On March 19, 2014, Steak n Shake Operations, Inc., as borrower and Steak n Shake Enterprises, Inc. and Steak n Shake, LLC (together with Steak n Shake Enterprises, the Subsidiary Guarantors), as guarantors, each a subsidiary of Biglari Holdings Inc. entered into a credit agreement with the lenders party thereto Jefferies Finance LLC, as joint lead arranger, syndication agent, documentation agent, book manager, administrative agent and collateral agent, and Fifth Third Bank, as joint lead arranger, swingline lender and issuing bank. The Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount of $220.0 million (the Term Loan Facility) and a senior secured revolving credit facility in an aggregate principal amount of up to $30.0 million (the Revolving Credit Facility and, together with the Term Loan Facility, the New Credit Facility). The Term Loan Facility is scheduled to mature on March 19, 2021 and will amortize at an annual rate of 1.0% in equal quarterly installments, beginning on June 30, 2014, of 0.25% of the original principal amount of the Term Loan Facility, subject to mandatory prepayments from excess cash flow, asset sales and other events described in the Credit Agreement, with the balance due at maturity. The Revolving Credit Facility will be available on a revolving basis until March 19, 2019.

Steak n Shake Operations, Inc. and Subsidiaries Enter into First Amendment to its Credit Agreement with Fifth Third Bank

On September 18, 2013, Biglari Holdings Inc.'s subsidiary, Steak n Shake Operations, Inc., along with certain of its subsidiaries, have entered into a First Amendment to its Credit Agreement with Fifth Third Bank, dated as of September 25, 2012. The First Amendment relates to the ability of Steak n Shake to make certain investments, including into The Lion Fund II, L.P. The First Amendment also extends the maximum total leverage ratio up to 3.75 to 1.00 for the period ending September 30, 2013, as well as makes certain other amendments to the Credit Facility.

Similar Private Companies By Industry

Company Name Region
MOD Super Fast Pizza, LLC United States
WDC Restaurant LLC United States
Courtyard Philadelphia Langhorne United States
The Algonquin Hotel, Inc. United States
Compass Holdings, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Steak n Shake Operations, Inc., please visit www.steaknshake.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.