Dutch Bros draws $50M delayed term loan; CEO Barone gets compensation boost

Dutch Bros Inc.

Draws $50M on delayed draw term loan before Feb 4, 2025 expiry; no amounts left after.
Funds used for general corporate purposes, including building new shops; facility expires Feb 28, 2027.
CEO Christine Barone's base salary raised to $850,000, target bonus 110% of salary (max 220%), effective Jan 1, 2025.
Barone receives annual RSU award of $3M under 2021 equity plan; 50% time-vesting, 50% performance-based with up to 200% payout.
Credit facility covenants include max net lease-adjusted leverage ratio and minimum fixed charge coverage ratio.

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