RED ROBIN GOURMET BURGERS INC - 8-K Filing
Red Robin Gourmet Burgers completed the sale of 108 company-owned restaurants across three transactions: $23.5 million to Evergreen Dining for 30 locations in Washington and Idaho, $62.5 million (with $55.9 million from first closing) to Op Burgers for 69 units in eight states, and $10 million to Kuber for 17 restaurants in Oregon and Washington. Total proceeds were approximately $89.4 million, with an additional $6.6 million expected by fiscal year end from the remaining 8 Op Burgers locations. Proceeds will be used primarily to repay debt under its credit facility. (Items: 2.01 Completion of Acquisition or Disposition of Assets, 7.01 Regulation FD Disclosure, 9.01 Financial Statements and Exhibits)
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