CAVA Group, Inc. entered into Amendment No. 3 to its Credit Agreement on March 20, 2026, extending the maturity date from March 11, 2027 to March 20, 2031 and increasing revolving commitments from $75 million to $150 million. The facility bears interest based on the Company's Total Rent Adjusted Net Leverage Ratio and is secured by substantially all assets of the Company and guarantors.
Key takeaways
Amendment No. 3 dated March 20, 2026 to Credit Agreement originally dated March 11, 2022
Maturity extended to March 20, 2031 from March 11, 2027
Revolving commitments increased to $150 million from $75 million
Interest at base rate + 0.00%-1.25% or Term SOFR + 1.00%-2.25% based on leverage ratio
Secured by first-priority interest in substantially all assets and guaranteed by domestic restricted subsidiaries
Departing Lenders: Capital One, N.A. and Royal Bank of Canada; New Subsidiary Guarantor: CARDCO CCCIX, INC.