---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-005236"
form_type: "8-K"
ticker: "PLAY"
cik: "0001525769"
company_name: "Dave & Buster's Entertainment, Inc."
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:15:55.017882+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Dave & Buster's reprices term and revolving loans, expects >$5M annual interest savings

## Summary
- Term loan margin cut 60 bps to SOFR + 325 bps (was SOFR + 375); revolving margin also reduced 60 bps.
- Additional 25 bps step-down on term loans if Moody's/S&P rating of B1/B+ is achieved.
- Annual cash interest savings expected to exceed $5 million; no change to maturity of loans.
- New term loans of $897.75M refinanced existing term loans in full under same maturity date.

## SEC filing metadata
- accession: 0001104659-24-005236
- form_type: 8-K
- ticker: PLAY
- cik: 0001525769
- company_name: Dave & Buster's Entertainment, Inc.
- filed_at: 2024-01-19T23:59:59+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/1525769/000110465924005236/0001104659-24-005236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1525769/000110465924005236/tm243635d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-005236
- JSON: https://secwatch.observer/filing/0001104659-24-005236.json
- Plain text: https://secwatch.observer/filing/0001104659-24-005236.txt

## Key facts
- Debt Financings
  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
  source text: provides for a new tranche of term loans in an aggregate principal amount of $897,750,000 (the “2024 Term B Loans”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525769/000110465924005236/0001104659-24-005236-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1525769/000110465924005236/0001104659-24-005236-index.htm

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