secwatch / observer
8-K filed January 19, 2024, 6:59 PM ET ticker PLAY CIK 0001525769
debt confidence high sentiment positive materiality 0.60

Dave & Buster's Entertainment, Inc. (PLAY): debt financing — Dave & Buster's reprices term and revolving loans, expects >$5M annual interest savings

Dave & Buster's Entertainment, Inc.

Key facts

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. incurred term loan of $897,750,000 with Deutsche Bank AG New York Branch at Term SOFR or ABR plus (i) in the case of SOFR loans, 3.25% per annum and (ii) in maturing 7 years from the original closing date of the Credit Agreement.

Instrument
term loan
Principal
$897,750,000
Counterparty
Deutsche Bank AG New York Branch
Rate
Term SOFR or ABR plus (i) in the case of SOFR loans, 3.25% per annum and (ii) in
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 $897,750,000 (the “2024 Term B Loans”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Dave & Buster's Entertainment, Inc. amended Second Amendment to Credit Agreement with Deutsche Bank AG New York Branch valued at $897,750,000 (effective 2024-01-19).

Action
amendment
Agreement
credit facility
Counterparty
Deutsche Bank AG New York Branch
Value
$897,750,000
Effective
2024-01-19
Exact text from the filing
On January 19, 2024 (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 Second Amendment to Credit Agreement (the “Amendment”), which amended that certain Credit Agreement, dated June 29, 2022
View on SEC.gov

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Dave & Buster's Entertainment, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-24-005236
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