06:39 AM EDT, 06/27/2025 (MT Newswires) -- Chipotle Mexican Grill ( CMG ) announced on Wednesday in a Form 8-K filing that it has entered into a new $500 million senior, unsecured revolving credit agreement, which matures on June 24, 2030.

The facility includes a $20 million letter of credit sub-facility and is guaranteed by some of Chipotle's domestic subsidiaries.

Borrowings will bear interest at either a Term SOFR rate plus 1.125% to 1.875%, or an Alternate Base Rate plus 0.125% to 0.875%, depending on Chipotle's total leverage ratio. Chipotle will also pay a commitment fee of 0.115% to 0.250% on unused amounts.

Additionally, Chipotle has terminated its previous $500 million revolving credit facility, which was set to mature in April 2026. No amounts were outstanding at the time, and no penalties were incurred.