SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 1.01|| |
Entry Into a Material Definitive Agreement.
On September 23, 2022, Potbelly Corporation (the “Company”) entered into Amendment No. 8 (the “Amendment”) to the Second Amended and Restated Credit Agreement, dated as of August 7, 2019, with JPMorgan Chase Bank, N.A. and the other entities party thereto (as amended, restated, supplemented or otherwise modified from time to time, including pursuant to the Amendment, the “Credit Agreement”). The Amendment, among other things, (i) extends the maturity date under the Credit Agreement from August 31, 2023 to December 31, 2023 and (ii) revises the minimum monthly EBITDA and Liquidity thresholds the Company must maintain.
The foregoing description is only a summary of the material terms of the Amendment and is qualified in its entirety by reference to the full text of the Amendment, a copy of which will be filed as an exhibit to the Company’s next Quarterly Report on Form 10-Q and is incorporated herein by reference.
|Item 2.03|| |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure required by this item is included in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Title:||Senior Vice President, Chief Financial Officer and Chief Strategy Officer|
Date: September 26, 2022