Company: RRGB
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0000950142-25-002929
Chunk: 11

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 424B5
Chunk 11
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ness is uncertain and could materially affect our liquidity, financial condition, and operations.

The Fourth Amendment extended
the maturity dates for our term loans and revolving credit facility by six months, from March 4, 2027 to September 3, 2027, and we are
actively working to secure long-term refinancing for our significant total borrowings, which was approximately $177.7 million as of October
5, 2025. However, we may not be able to obtain any further extensions or refinancings on acceptable terms or at all. Our ability to secure
additional extensions or to refinance maturing indebtedness depends on our future cash flows, financial performance, compliance with the
covenants in our credit facility, lender consent, and prevailing credit market conditions. If we cannot extend or refinance the indebtedness
when due, our lenders could accelerate repayment, and we may be required to repay the debt, sell assets, seek alternative financing on
unfavorable terms, or pursue other actions that could harm our liquidity and operations.

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<div align='center'>USE OF PROCEEDS</div>

We may issue and sell shares of our Common Stock
having aggregate sales proceeds of up to $40,000,000 from time to time. Because there is no minimum offering amount required as a condition
to close this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this
time. There can be no assurance that we will sell any shares under or fully utilize the distribution agreement with Evercore as a source
of financing.

We intend to use the net proceeds from the sale
of shares of our Common Stock to strengthen our balance sheet, which could include use for working capital, general corporate purposes,
and repayment of indebtedness. We retain broad discretion over the use of the net proceeds from the sale of the shares of Common Stock
offered hereby.

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<div align='center'>DILUTION</div>

If you purchase shares of our Common Stock in
this offering, your interest will be diluted to the extent of the difference between the public offering price per share and the net tangible
book value per share of our Common Stock after this offering. We calculate net tangible book value per share by dividing our net tangible
assets (tangible assets less total liabilities) by the number of shares of our Common Stock issued and outstanding as of October 5, 2025.

After giving effect to the sale