{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-187768","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2024-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.581083+00:00","generated_at":"2026-05-31T15:22:20.018406+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Driven Brands closes $275M securitization at 6.372% to refinance existing debt","bullets":["Issued $275M of 6.372% Series 2024-1 Class A-2 Notes, final maturity Oct 2054, anticipated repayment Oct 2031.","Proceeds used to refinance Series 2018-1 Class A-2 Notes, pay transaction fees, and for general corporate purposes.","Added $400M Series 2024-1 Class A-1 Variable Funding Notes capacity, replacing $135M undrawn Series 2019-3 A-1 Notes; A-1 Notes undrawn at close.","Notes rated BBB by KBRA and BBB- by S&P; Company's eleventh whole business securitization issuance.","Entered Amendment No. 11 to Base Indenture, revising definition of DSCR."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-187768","json":"https://secwatch.observer/filing/0001193125-24-187768.json","markdown":"https://secwatch.observer/filing/0001193125-24-187768.md","text":"https://secwatch.observer/filing/0001193125-24-187768.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524187768/0001193125-24-187768-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000119312524187768/d28938d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T15:22:20.018406+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}