Red Robin Gourmet Burgers, Inc., along with its affiliated entities, is involved in the development, operation, and franchising of casual and full-service restaurant concepts. Its establishments are renowned for their signature gourmet burgers and pizzas designed for sharing. Beyond these core offerings, the menu presents a wide array of selections, including appetizers (such as wings), fresh salads, hearty soups, substantial sandwiches, seafood dishes, and various other entrees. To complete the dining experience, patrons can also choose from desserts, creamy milkshakes, and an extensive beverage list encompassing specialty alcoholic drinks (like cocktails, wine, and beer) and non-alcoholic options. As of December 26, 2021, the company managed a portfolio of roughly 531 Red Robin dining locations; 430 of these were directly managed by the corporation, while 101 were run by independent franchisees across the United States and a single province in Canada. Established in 1969, Red Robin Gourmet Burgers, Inc. maintains its corporate headquarters in Greenwood Village, Colorado.
Red Robin Gourmet Burgers, Inc. Completes Refinancing to Strengthen Financial Foundation and Support First Choice Plan
Red Robin completed the refinancing of its secured credit facility on October 2, 2026, replacing its prior credit agreement with a new $115 million facility — a $25 million revolver and $90 million term loan maturing October 2, 2031.
The refinancing followed the substantial completion of refranchising deals selling 108 company-owned restaurants for approximately $89.4 million, with 8 more expected to close by fiscal year-end for roughly $6.6 million, bringing total proceeds to about $96 million from 116 restaurants.
Pricing is SOFR plus 275-350 basis points depending on leverage (initially SOFR + 325 bps, no SOFR floor), with a $20 million accordion. JPMorgan led the facility, and management said the stronger balance sheet gives it a longer runway to execute the First Choice Plan.