secwatch.observer — SEC 8-K summary
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Issuer:     DENNY'S Corp (—)
CIK:        0000852772
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001193125-25-262835
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Denny's amends credit facility: capacity cut to $325M, maturity extended, dividends banned
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/852772/000119312525262835/0001193125-25-262835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/852772/000119312525262835/d40219d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-262835

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer