Dutch Bros amends and restates $650M credit facility, draws $200M on closing

Dutch Bros Inc.

New $650M facility: $500M revolver + $150M term loan; matures May 29, 2030.
On May 29, borrowed full $150M term loan and $50M revolver; old 2022 facility repaid and terminated.
Interest at Alternate Base Rate or Term SOFR plus margin; commitment fee 0.20%-0.45%.
Covenants: max Net Lease-Adjusted Total Leverage Ratio and minimum Coverage Ratio.
Option to increase facility by up to $230M or 80% of EBITDAR, whichever greater.

item 1.01item 9.01

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