secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0001104659-23-077830
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000110465923077830/0001104659-23-077830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000110465923077830/tm2320337d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-077830

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