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
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