---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-258222"
form_type: "8-K"
ticker: "DRVN"
cik: "0001804745"
company_name: "Driven Brands Holdings Inc."
filed_at: "2022-10-05T23:59:59+00:00"
generated_at: "2026-06-23T05:25:03.941534+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Driven Brands closes $365M securitization issuance; adds $135M variable notes

## Summary
- $365M Class A-2 Senior Secured Notes at 7.4% coupon; offering increased by over 30%.
- Added $135M Class A-1 Variable Funding Notes, bringing total capacity to $250M.
- Proceeds used for general corporate purposes and repayment of revolving credit facilities.
- Notes rated BBB (Kroll) and BBB- (S&P); blended fixed-rate debt cost 4.3% on a Q2 2022 proforma basis.

## SEC filing metadata
- accession: 0001193125-22-258222
- form_type: 8-K
- ticker: DRVN
- cik: 0001804745
- company_name: Driven Brands Holdings Inc.
- filed_at: 2022-10-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804745/000119312522258222/0001193125-22-258222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804745/000119312522258222/d261346d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-258222
- JSON: https://secwatch.observer/filing/0001193125-22-258222.json
- Plain text: https://secwatch.observer/filing/0001193125-22-258222.txt

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