---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-25-000016"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:27:23.451899+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866581-25-000016
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000016/0001866581-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000016/bros-20250116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-25-000016
- JSON: https://secwatch.observer/filing/0001866581-25-000016.json
- Plain text: https://secwatch.observer/filing/0001866581-25-000016.txt

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