{"schema_version":"secwatch.filing_event.v1","accession":"0001804745-25-000012","form_type":"8-K","ticker":"DRVN","cik":"0001804745","company_name":"Driven Brands Holdings Inc.","filed_at":"2025-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.945437+00:00","generated_at":"2026-05-25T10:59:04.433296+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Driven Brands extends $300M revolver to Feb 2030; $155M drawn","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001804745-25-000012","json":"https://secwatch.observer/filing/0001804745-25-000012.json","markdown":"https://secwatch.observer/filing/0001804745-25-000012.md","text":"https://secwatch.observer/filing/0001804745-25-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804745/000180474525000012/0001804745-25-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804745/000180474525000012/drvn-20250227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T10:59:04.433296+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"}