secwatch.observer — SEC 8-K summary
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Issuer:     BRINKER INTERNATIONAL, INC (EAT)
CIK:        0000703351
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0000703351-25-000020
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brinker upsizes revolver to $1B, reprices at SOFR+1.25%-2.00%, extends maturity to 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703351/000070335125000020/0000703351-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703351/000070335125000020/eat-20250501.htm
  HTML page:      https://secwatch.observer/filing/0000703351-25-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer