Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Dave & Buster's Entertainment, Inc. amended revolving credit with Deutsche Bank AG New York Branch at Term SOFR (plus an additional credit spread adjustment of 0.10%) plus a spread r.
- Instrument
- revolving credit
- Counterparty
- Deutsche Bank AG New York Branch
- Rate
- Term SOFR (plus an additional credit spread adjustment of 0.10%) plus a spread r
- Event
- amendment
Exact text from the filing
reduces the interest rate margin applicable to term loans and revolving loans outstanding under the Credit Agreement by 1.25%
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Dave & Buster's Entertainment, Inc. incurred term loan of $900,000,000 with Deutsche Bank AG New York Branch at Term SOFR (plus an additional credit spread adjustment of 0.10%) plus 3.75% per maturing 7 years from the original closing date of the Credit Agreement.
- Instrument
- term loan
- Principal
- $900,000,000
- Counterparty
- Deutsche Bank AG New York Branch
- Rate
- Term SOFR (plus an additional credit spread adjustment of 0.10%) plus 3.75% per
- Maturity
- 7 years from the original closing date of the Credit Agreement
- Event
- incurrence
Exact text from the filing
provides for a new tranche of term loans in an aggregate principal amount of $900,000,000 (the “2023 Term B Loans”) with an original issue discount of 99%
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Dave & Buster's Entertainment, Inc. amended First Amendment to Credit Agreement with Deutsche Bank AG New York Branch, as administrative agent and collateral agent valued at $900,000,000 (effective 2023-06-30).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Deutsche Bank AG New York Branch, as administrative agent and collateral agent
- Value
- $900,000,000
- Effective
- 2023-06-30
Exact text from the filing
On June 30, 2023 (the “Amendment Effective Date”), Dave & Buster’s, Inc. (the “Borrower”), a wholly owned subsidiary of Dave & Buster’s Entertainment, Inc. (the “Company”), Dave & Buster’s Holdings, Inc. (“Holdings”), as parent guarantor, the subsidiary guarantors party thereto, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent (the “Agent”) entered into the First Amendment to Credit Agreement (the “Amendment”), which amended that certain Credit Agreement, dated June 29, 2022 (the “Credit Agreement” and the Credit Agreement, as amended by the Amendment, the “Amended Credit Agreement”), by and among the Borrower, Holdings, the subsidiary guarantors party thereto, the lenders party thereto and the Agent.
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