---
schema_version: "secwatch.filing_event.v1"
accession: "0001866581-25-000174"
form_type: "8-K"
ticker: "BROS"
cik: "0001866581"
company_name: "Dutch Bros Inc."
filed_at: "2025-05-30T23:59:59+00:00"
generated_at: "2026-05-20T04:53:09.880346+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866581-25-000174
- form_type: 8-K
- ticker: BROS
- cik: 0001866581
- company_name: Dutch Bros Inc.
- filed_at: 2025-05-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000174/0001866581-25-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866581/000186658125000174/bros-20250529.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866581-25-000174
- JSON: https://secwatch.observer/filing/0001866581-25-000174.json
- Plain text: https://secwatch.observer/filing/0001866581-25-000174.txt

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