{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-304428","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.516231+00:00","generated_at":"2026-05-16T15:45:50.325079+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Driven Brands sells international car wash for €406M; updates FY2025 outlook","bullets":["Purchase price €406M (locked-box); daily ticker from July 1, 2025 to close.","Transaction expected to close Q1 2026, subject to regulatory approvals; proceeds to pay down debt.","Pro forma net leverage reduced ~0.3x; company targets 3x net leverage by end-2026.","FY2025 continuing ops outlook: revenue ~$1.85-1.87B, adj. EBITDA $445-455M, adj. EPS $1.18-1.23.","International car wash reclassified to discontinued operations from Q4 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-304428","json":"https://secwatch.observer/filing/0001193125-25-304428.json","markdown":"https://secwatch.observer/filing/0001193125-25-304428.md","text":"https://secwatch.observer/filing/0001193125-25-304428.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000119312525304428/0001193125-25-304428-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000119312525304428/d926887d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:45:50.325079+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"}