Cracker Barrel enters $700M amended credit facility, replaces $800M prior facility

CRACKER BARREL OLD COUNTRY STORE, INC

New $700M revolving credit facility entered on June 17, 2022; replaces $800M 2018 facility.
Facility matures June 17, 2027; includes $75M L/C subfacility and $25M swingline.
Interest at Base Rate or Term SOFR plus margin (0.00-1.00% / 1.00-2.00%) based on leverage.
Financial covenants: consolidated senior secured leverage ratio and interest coverage ratio.
Dividends/repurchases restricted by leverage test; unlimited if senior secured leverage ≤ 2.75x.

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