Kona Grill amended its credit agreement dated October 12, 2016 with KeyBank and Zions First National Bank.

The amendment decreased the total available credit from the revolving credit facility from $45 million to $30 million, which including the $15 million term loan, resulted in an overall reduction of the combined revolving and term credit facilities from $60 million to $45 million.

The maturity date was changed from October 12, 2021 to October 12, 2019, with a provision that if the company’s pro forma leverage ratio is less than 4.25 to 1.00, the company may request a one-year extension of the maturity date until October 12, 2020.

The amendment also increased the applicable margins for base rate loans and the applicable margins for LIBOR rate loans by 25 bps to 75 bps, among other changes designed to provide more flexibility to Kona Grill.