Red Robin Gourmet Burgers, Inc. - Form 8-K Filing

On June 11, 2026, Red Robin Gourmet Burgers, Inc. (the "Company") announced two significant asset purchase agreements through its wholly-owned subsidiary, Red Robin International, Inc. (RRI). The first agreement, the Op Burgers APA, involves the sale of 69 company-owned Red Robin restaurants across several states to Op Burgers, LLC for an aggregate purchase price of $62.5 million. The second agreement, the Kuber APA, covers the sale of 17 company-owned Red Robin restaurants in Oregon and Washington to Kuber Oregon, LLC and Kuber Washington, LLC for $10.0 million. In both transactions, the respective purchasers will assume certain liabilities related to the restaurants and will operate them as franchised locations under long-term franchise agreements. The transactions are subject to customary closing conditions, including landlord and liquor license consents. The Company anticipates closing the Op Burgers Transaction around July 17, 2026, with an outside closing date of October 19, 2026, and the Kuber Transaction around August 28, 2026, with an outside closing date of October 2, 2026. The net proceeds from these transactions are intended to be used to reduce outstanding indebtedness. The Company also issued a press release on June 15, 2026, announcing these transactions.