---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-077830"
form_type: "8-K"
ticker: "PLAY"
cik: "0001525769"
company_name: "Dave & Buster's Entertainment, Inc."
filed_at: "2023-07-05T23:59:59+00:00"
generated_at: "2026-06-13T12:40:12.534851+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Dave & Buster's amends credit agreement: upsizes Term Loan B to $900M, reduces spread by 1.25%

## Summary
- New $900M Term B facility issued at 99% OID; $843.6M refinances existing term loans, $56.4M added for general corporate purposes.
- Interest rate margin reduced by 1.25% on both term loans and revolving loans under the amended credit agreement.
- Maturity unchanged at 7 years from original June 2022 closing date; no prepayment penalty except 1% in first six months for certain refinancings.
- Joint lead arrangers: Deutsche Bank, JPMorgan, Wells Fargo, BMO, Truist, Capital One, Fifth Third.
- CFO Michael Quartieri cited strong financial position and momentum post-Main Event merger as drivers of favorable pricing.

## SEC filing metadata
- accession: 0001104659-23-077830
- form_type: 8-K
- ticker: PLAY
- cik: 0001525769
- company_name: Dave & Buster's Entertainment, Inc.
- filed_at: 2023-07-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1525769/000110465923077830/0001104659-23-077830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1525769/000110465923077830/tm2320337d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-077830
- JSON: https://secwatch.observer/filing/0001104659-23-077830.json
- Plain text: https://secwatch.observer/filing/0001104659-23-077830.txt

## Key facts
- Debt Financings
  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
  source text: reduces the interest rate margin applicable to term loans and revolving loans outstanding under the Credit Agreement by 1.25%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525769/000110465923077830/0001104659-23-077830-index.htm
- Debt Financings
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525769/000110465923077830/0001104659-23-077830-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525769/000110465923077830/0001104659-23-077830-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.