secwatch / observer
8-K filed October 21, 2025, 7:59 PM ET ticker DRVN CIK 0001804745
debt confidence high sentiment neutral materiality 0.60

Driven Brands Holdings Inc. (DRVN): debt financing — Driven Brands closes $500M securitization at 5.296% to refinance 2019-1 and 2022-1 notes

Driven Brands Holdings Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.85

Driven Brands Holdings Inc. amended senior notes of No change in principal amount disclosed with Driven Brands Funding, LLC, Driven Brands Canada Funding Corporation, and certain other parties.

Instrument
senior notes
Principal
No change in principal amount disclosed
Counterparty
Driven Brands Funding, LLC, Driven Brands Canada Funding Corporation, and certain other parties
Event
amendment
Exact text from the filing
On October 20, 2025, the Co-Issuers entered into the Second Amended and Restated Indenture (the "Amended Base Indenture"), which amended and restated the Amended and Restated Base Indenture, dated as of April 24, 2018 (as amended by Amendment No. 1 to the Base Indenture, dated as of March 19, 2019, Amendment No. 2 to the Base Indenture, dated as of June 15, 2019, Amendment No. 3 to the Base Indenture, dated as of September 17, 2019, Amendment No. 4 to the Base Indenture, dated as of July 6, 2020, Amendment No. 5 to the Base Indenture, dated as of December 14, 2020, Amendment No. 6 to the Base Indenture, dated as of March 30, 2021, Amendment No. 7 to the Base Indenture, dated as of March 30, 2021, Amendment No. 8 to the Base Indenture, dated as of September 29, 2021, Amendment No. 9 to the Base Indenture, dated as of October 5, 2022, Amendment No. 10 to the Base Indenture, dated as of July 3, 2024, Amendment No. 11 to the Base Indenture, dated as of July 29, 2024, and Amendment No. 12 t
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Driven Brands Holdings Inc. incurred senior notes of $500 million with Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation at 5.296% Fixed Rate maturing Anticipated repayment date October 2030, final legal maturity October 2055.

Instrument
senior notes
Principal
$500 million
Counterparty
Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation
Rate
5.296% Fixed Rate
Maturity
Anticipated repayment date October 2030, final legal maturity October 2055
Event
incurrence
Exact text from the filing
On October 20, 2025 (the "Closing Date"), Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation (together, the "Co-Issuers", and each a wholly-owned subsidiary of Driven Brands Holdings Inc. (the "Company")), issued $500 million of Series 2025-1 5.296% Fixed Rate Senior Secured Notes, Class A-2 (the "2025-1 Class A-2 Senior Notes").
View on SEC.gov

312 debt financings filed in the last 30 days. Browse all debt financings →

Driven Brands Holdings Inc. filing history →

Source: SEC EDGAR
accession 0001804745-25-000083
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