---
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"
generated_at: "2026-05-25T10:59:04.433296+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001804745-25-000012
- JSON: https://secwatch.observer/filing/0001804745-25-000012.json
- Plain text: https://secwatch.observer/filing/0001804745-25-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.