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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Good Times Restaurants Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001214659-25-014561), on October 03, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.