Red Robin Gourmet Burgers, Inc. Completes Refinancing to Strengthen Financial Foundation and Support First Choice Plan (Form 8-K)

Red Robin Gourmet Burgers, Inc. Completes Refinancing

to Strengthen Financial Foundation and Support First Choice Plan

ENGLEWOOD, Colo. - October 5, 2026 - Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) ("Red Robin" or the "Company"), a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced it completed the refinancing of its secured credit facility (the "Credit Facility") on October 2, 2026. The new facility replaces the Company's prior credit agreement and follows the substantial completion of its refranchising transactions, the first step in strengthening the balance sheet under the First Choice Plan.

As announced on September 1, 2026, Red Robin completed the substantial majority of the closings under its three refranchising transactions with Op Burgers, LLC, Kuber Oregon, LLC and Kuber Washington, LLC, and Evergreen Dining LLC. Together, these transactions involved the sale of 108 company-owned restaurants for approximately $89.4 million in gross proceeds. The sale of eight more restaurants under the Op Burgers agreement is expected to close by the end of the Company's 2026 fiscal year for approximately $6.6 million, bringing total gross proceeds to approximately $96 million from the sale of 116 restaurants. These proceeds, along with the Company's improved operating performance, put Red Robin in a stronger position to refinance.

The new Credit Facility consists of the following:

"Completing our refinancing is an important step forward for Red Robin and a key priority of our First Choice Plan," said Dave Pace, President and Chief Executive Officer of Red Robin. "When we set out to strengthen our balance sheet, we knew it would be a multi-step process. Refranchising was the first in order to position us to refinance our debt. With this new facility in place, we have a stronger financial foundation from which to execute the other elements of the First Choice Plan, along with a longer runway and greater financial flexibility to invest in our restaurants, enhance guest experience and support our franchise partners. I want to thank our Team Members, franchise partners, lenders and advisors for their commitment and support throughout this process."

The Credit Facility was led by JPMorgan Chase Bank, N.A. as Administrative Agent and Collateral Agent, and Texas Capital Bank as Documentation Agent. JPMorgan Chase Bank, N.A. and U.S. Bank National Association served as Joint Lead Arrangers and Joint Bookrunners.

About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)

Red Robin Gourmet Burgers, Inc. (www.redrobin.com), is a casual dining restaurant chain founded in 1969 that operates through its wholly owned subsidiary, Red Robin International, Inc., and under the trade name, Red Robin Gourmet Burgers and Brews. We believe nothing brings people together like burgers and fun around our table, and no one makes moments of connection over craveable food more memorable than Red Robin. We serve a variety of burgers and mainstream favorites to Guests of all ages in a casual, playful atmosphere. In addition to our many burger offerings, Red Robin serves a wide array of salads, appetizers, entrees, desserts, signature beverages and Donatos Pizza at select locations. It's easy to enjoy Red Robin anywhere with online ordering available for to-go, delivery and catering. Sign up for the royal treatment by joining Red Robin Royalty^® today and enjoy Bottomless perks and delicious rewards across nearly 500 Red Robin locations in the United States and Canada, including those operating under franchise agreements. Red Robin… YUMMM^®!