secwatch.observer — SEC 8-K summary
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Issuer:     Dutch Bros Inc. (BROS)
CIK:        0001866581
Form:       8-K
Filed at:   2025-05-30T23:59:59+00:00
Accession:  0001866581-25-000174
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866581/000186658125000174/0001866581-25-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866581/000186658125000174/bros-20250529.htm
  HTML page:      https://secwatch.observer/filing/0001866581-25-000174

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