{"schema_version":"secwatch.filing_event.v1","accession":"0001857154-23-000023","form_type":"8-K","ticker":"DNUT","cik":"0001857154","company_name":"Krispy Kreme, Inc.","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.202271+00:00","generated_at":"2026-06-17T19:22:09.218701+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Krispy Kreme enters $1.0B new credit facility, extending debt maturity to 2028","bullets":["New $300M revolver and $700M term loan, maturing March 2028 (replacing June 2024 maturity).","Interest rate: SOFR + 1.75% to 2.25% depending on Total Net Leverage Ratio.","Requires equal quarterly amortization of 1.25% of term loan principal.","Financial covenant: Total Net Leverage Ratio <5.25x initially, stepping down to 5.00x.","Proceeds used to refinance existing credit agreement and for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001857154-23-000023","json":"https://secwatch.observer/filing/0001857154-23-000023.json","markdown":"https://secwatch.observer/filing/0001857154-23-000023.md","text":"https://secwatch.observer/filing/0001857154-23-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1857154/000185715423000023/0001857154-23-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1857154/000185715423000023/dnut-20230323.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T19:22:09.218701+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":[{"claim_id":"1d4b85afce1f4974b360cae9fad3fba463dae1fd","claim":"Krispy Kreme, Inc. incurred revolving credit of $300 million with BNP Paribas at adjusted term SOFR plus 1.75%-2.25% based on Total Net Leverage Ratio maturing March 2028.","evidence_excerpt":"(“ Borrower ”) entered into a new credit agreement (“ New Credit Agreement ”) with the lenders party thereto (“ Lenders ”) and BNP Paribas, as administrative agent and as collateral agent, consisting of a $300 million senior secured first lien revolving credit facility and a $700 million senior secured first lien term loan facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857154/000185715423000023/0001857154-23-000023-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$300 million"},{"label":"Counterparty","value":"BNP Paribas"},{"label":"Rate","value":"adjusted term SOFR plus 1.75%-2.25% based on Total Net Leverage Ratio"},{"label":"Maturity","value":"March 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"768fba03339223e72c7ebdfb5457c4bd95d5daab","claim":"Krispy Kreme, Inc. incurred term loan of $700 million with BNP Paribas at adjusted term SOFR plus 1.75%-2.25% based on Total Net Leverage Ratio maturing March 2028.","evidence_excerpt":"(“ Borrower ”) entered into a new credit agreement (“ New Credit Agreement ”) with the lenders party thereto (“ Lenders ”) and BNP Paribas, as administrative agent and as collateral agent, consisting of a $300 million senior secured first lien revolving credit facility and a $700 million senior secured first lien term loan facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857154/000185715423000023/0001857154-23-000023-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$700 million"},{"label":"Counterparty","value":"BNP Paribas"},{"label":"Rate","value":"adjusted term SOFR plus 1.75%-2.25% based on Total Net Leverage Ratio"},{"label":"Maturity","value":"March 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"236fbed36f7112910ded1a1525b393225f38aa2b","claim":"Krispy Kreme, Inc. terminated Existing Credit Agreement with the lenders party thereto and Citibank, N.A. (effective 2023-03-23).","evidence_excerpt":"The initial proceeds of the New Credit Agreement were used, in part, to refinance the loans and commitments under Borrower’s existing credit agreement, dated June 13, 2019 (as amended, restated, amended and restated, supplemented or modified from time to time, the “ Existing Credit Agreement ”), by and among Parent Company, Holdings, Borrower, the lenders party thereto and Citibank, N.A. as administrative agent and collateral agent (filed as Exhibit 10.1 to the Parent Company’s Registration Statement on Form S-1/A, File number 333-256664, filed on June 22, 2021, and incorporated by reference herein), and thereupon terminate the Existing Credit Agreement and all related loan documents.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857154/000185715423000023/0001857154-23-000023-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto and Citibank, N.A."},{"label":"Effective","value":"2023-03-23"}],"fact_type":"material_agreement"},{"claim_id":"447d60721c321f77fc712db76e4761cdb3965832","claim":"Krispy Kreme, Inc. entered into New Credit Agreement with the lenders party thereto and BNP Paribas valued at a $300 million senior secured first lien revolving credit facility and a $700 million senior secured (effective 2023-03-23).","evidence_excerpt":"On March 23, 2023, Krispy Kreme, Inc. (“ Parent Company ”) and its wholly-owned subsidiaries Cotton Parent, Inc. (“ Holdings ”) and Krispy Kreme Doughnuts, Inc. (“ Borrower ”) entered into a new credit agreement (“ New Credit Agreement ”) with the lenders party thereto (“ Lenders ”) and BNP Paribas, as administrative agent and as collateral agent, consisting of a $300 million senior secured first lien revolving credit facility and a $700 million senior secured first lien term loan facility.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857154/000185715423000023/0001857154-23-000023-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto and BNP Paribas"},{"label":"Value","value":"a $300 million senior secured first lien revolving credit facility and a $700 million senior secured"},{"label":"Effective","value":"2023-03-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}