Dave & Buster's Entertainment, Inc. announced that the Company successfully amended its credit agreement, achieving a reduction in the interest rate margin applicable to its term loans and revolving loans outstanding under its credit agreement by 60 basis points (inclusive of the removal of the 10 basis point credit spread adjustment) with an additional 25 basis point reduction with respect to the term loans upon achieving certain ratings from Moody?s and S&P. Term loans now bear an interest rate of SOFR + 325 basis points (versus SOFR + 375 prior to the amendment). The amendment is expected to result in over $5 million of annual cash interest savings. There are no changes to the maturity of the outstanding term loans and revolving loans as a result of the repricing.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
53.76 USD | +0.66% | +1.78% | -0.17% |
30/04 | Dave & Buster's to Introduce Social Wagering Functionality on App in Coming Months | MT |
24/04 | Dave & Buster's Entertainment, Inc. Announces Chief Financial Officer Changes | CI |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-0.17% | 2.17B | |
-20.73% | 86.21B | |
+7.55% | 49.15B | |
-9.77% | 17.69B | |
+38.24% | 14.2B | |
-17.14% | 13.01B | |
+83.97% | 9.01B | |
-17.13% | 6.06B | |
-11.69% | 4.32B | |
-17.77% | 3.65B |
- Stock Market
- Equities
- PLAY Stock
- News Dave & Buster's Entertainment, Inc.
- Dave & Buster's Entertainment, Inc. Announces Successfully Amended Credit Agreement