debt
confidence high
sentiment neutral
materiality 0.60
Dave & Buster's closes $1.35B debt refinancing; redeems 2025 notes, extends maturities to 2031
Dave & Buster's Entertainment, Inc.
- New $700M term loans (2024 Incremental Term B) at SOFR+3.25%, maturing Nov 1, 2031.
- Revolving credit facility upsized to $650M ($500M replacement + $150M incremental), maturing Nov 1, 2029.
- Proceeds redeem all outstanding 7.625% Senior Secured Notes due 2025 and repay ~$200M existing term loans.
- Existing revolving commitments fully refinanced; prior term loans repaid in part.
- Transaction closed Nov 1, 2024; Deutsche Bank served as administrative agent.