Good Times Restaurants Amends Credit Agreement With <a href="https://laohu8.com/S/CADE">Cadence Bank</a>, Receives Consent for Restaurant Closures
**Good Times Restaurants Amends Credit Agreement with Cadence Bank** Good Times Restaurants Inc. announced that on September 30, 2025, it entered into a Third Amendment to its existing Credit Agreement with Cadence Bank. The amendment, also signed by the company's wholly owned subsidiaries as guarantors, allows for the closure of two Bad Daddy's Burger Bar locations in Roswell, Georgia and Broomfield, Colorado, and the termination of their leases. In connection with these closures, the amendment modifies certain terms in the Credit Agreement, including definitions related to financial covenants such as "Applicable Rate," "Consolidated EBITDA," and "Consolidated Fixed Charge Coverage Ratio." It also updates the Consolidated Leverage Ratio and Restricted Payments covenants. The full amendment was filed as an exhibit to the company's latest Form 8-K.
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