Driven Brands extends $300M revolver to Feb 2030; $155M drawn

Driven Brands Holdings Inc.

Borrower Driven Holdings amended credit agreement on Feb 27, 2025, extending maturity to Feb 27, 2030 (with springing provision).
Revolving commitment unchanged at $300M; $155M outstanding as of amendment date.
Interest rate: Term SOFR plus 2.00%-2.25%; commitment fee of 0.375% on unused.
Springing covenant triggers if revolving utilization >35%; net first lien leverage ratio initially 2.00:1 (adjustable to 4.75:1).
Proceeds for general corporate purposes; facility secured by assets of Holdings, Borrower, and certain subsidiaries.

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.