debt
confidence high
sentiment neutral
materiality 0.65
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.