Shake Shack Inc 8-K, filed Mar 5, 2021
Shake Shack Inc. (SHAK)
About this 8-K
Shake Shack Inc filed this 8-K on March 5, 2021.
Items reported
- Item 1.01: Entered into a material agreement
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CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement |
On March 5, 2021, SSE Holdings, LLC (the “Borrower”), a subsidiary of Shake Shack, Inc. (the “Company”), and certain of the Borrower’s subsidiaries as guarantors, entered into an amendment (the “Third Amendment”) to its revolving credit facility (the “Revolving Credit Facility”), dated as of August 2, 2019 (as amended from time to time, the “Credit Agreement”), with JPMorgan Chase Bank, N.A. (as successor agent to Wells Fargo Bank, National Association), as administrative agent, and the lenders party thereto. In addition, on March 5, 2021, Wells Fargo Bank resigned as administrative agent under the Credit Agreement and assigned its commitments thereunder to JPMorgan Bank, N.A. The Third Amendment appoints JPMorgan Bank, N.A. as administrative agent under the Credit Agreement. In addition, the Third Amendment, among other things, extends the maturity date of the Revolving Credit Facility from September 2022 to March 2026. The Company has no outstanding indebtedness under the Revolving Credit Facility.
The foregoing summary of the Third Amendment is not intended to be complete and is qualified in its entirety by reference to the full text of the Third Amendment, which is expected to be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ending March 25, 2021.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Exhibit Description | |
| 104 | Cover Page Interactive Data File |
SIGNATURES
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.
| Shake Shack Inc. | ||
| (Registrant) | ||
| By: | /s/ Ron Palmese | |
| Ron Palmese | ||
| Date: March 5, 2021 | Senior Vice President and General Counsel | |