DENNY'S Corp: debt financing — Denny's amends credit facility: capacity cut to $325M, maturity extended, dividends banned

DENNY'S Corp

Revolving credit facility reduced from $400M to $325M; accordion feature to increase to $450M removed.
Maturity date extended to January 29, 2027.
Company prohibited from paying dividends and repurchasing shares as long as amendment in effect.
Investment and asset sale restrictions added; limited to $5M outstanding for certain investments.
Non-recurring fees/costs related to debt refinancing may be added back to EBITDA.

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

DENNY'S Corp amended credit facility of $400 million to $325 million with Wells Fargo Bank, National Association maturing January 29, 2027.

Instrument: credit facility
Principal: $400 million to $325 million
Counterparty: Wells Fargo Bank, National Association
Maturity: January 29, 2027
Event: amendment

Exact text from the filing

(1) extends the maturity date of the Company’s credit facility to January 29, 2027, (2) removes the accordion feature, which had permitted the Company to increase the size of the credit facility from $400 million to $450 million, and (3) reduces the capacity of the credit facility from $400 million to $325 million.

View on SEC.gov

304 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-25-262835

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.