BRINKER INTERNATIONAL, INC (EAT): debt financing — Brinker upsizes revolver to $1B, reprices at SOFR+1.25%-2.00%, extends maturity to 2030

BRINKER INTERNATIONAL, INC

Credit facility increased by $100M to $1,000M aggregate.
Pricing: Term SOFR + 1.25% to 2.00% with stepdowns at debt/cash flow ratios 3.00x, 2.00x, 1.00x.
Maturity extended to May 1, 2030 from prior date.
Borrowing capacity enhanced; no event of default existed as of effective date.
Fourth Amendment dated May 1, 2025, entered with JPMorgan as administrative agent.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BRINKER INTERNATIONAL, INC amended revolving credit of an increase in the Credit Facility by $100 million to an aggregate amount of $1,000 million with JPMorgan Chase Bank, N.A. as administrative agent at revolving loans at a rate equal to Term SOFR + 1.25% to 2.00% maturing May 1, 2030.

Instrument: revolving credit
Principal: an increase in the Credit Facility by $100 million to an aggregate amount of $1,000 million
Counterparty: JPMorgan Chase Bank, N.A. as administrative agent
Rate: revolving loans at a rate equal to Term SOFR + 1.25% to 2.00%
Maturity: May 1, 2030
Event: amendment

Exact text from the filing

given them in the Existing Credit Agreement. The Fourth Amendment provides for the following changes to the Existing Credit Agreement: • An increase in the Credit Facility by $100 million to an aggregate amount of $1,000 million. • Repricing of loans to provide for revolving loans at a rate equal to Term SOFR + 1.25% to 2.00%, with stepdowns at debt to cash flow

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Source: SEC EDGAR

accession 0000703351-25-000020

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