Dave And Busters Credit Agreement

The terms of this amended and adjusted credit agreement increase the company`s credit capacity by more than $300 million to $800 million, extend the two-year term from 2020 to 2022, and reduce the company`s interest rate by 25 basis points. Dave &Buster`s announced a $US 100 million deal with Jefferies on Monday, but the company also hinted that bankruptcy could be possible if its financial situation doesn`t improve. The bonds, whose yield is 7.625%, are guaranteed by the same subsidiaries that guarantee the temporary loan and the revolving credit facility. The deal is one of eight new high-yield bond offerings announced this week. This communication contains certain statements that may constitute “forward-looking statements” within the meaning of federal securities laws, including Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words such as “expected”, “intentional”, “anticipated”, “planned”, “believes”, “seeks”, “estimates”, “is” or words of similar meaning and contain statements about the proposed offer, including the conclusion, use of revenues and effectiveness of the second amendment. Forward-looking statements are based on management`s current expectations and assumptions, which are subject to uncertainties, risks and changes inherent in circumstances that are difficult to predict. Actual results and results may differ materially from those of forward-looking statements and factors that could cause such a difference include, among other things, risks and uncertainties regarding: (i) the issuer`s ability to close the proposed offer on favourable terms, or, in general, (ii) other credit rating agency measures and downgrades in the financial ratings of Dave & Buster or its subsidiary liability; (iii) changes in existing legislation or regulations; (iv) other risks and uncertainties described in Dave & Buster`s Annual Report on Form 10-K, submitted to the SEC on April 3, 2020 (as amended on May 14, 2020), and in Dave &Busters` Quarterly Reports on Forms 10-Q submitted to the SEC on June 11, 2020 and September 10, 2020, respectively. Unlisted factors may constitute significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results from those expected in the forward-looking statements include, but are not limited to, business interruptions, operational problems, financial losses, legal liability to third parties and other similar risks, each of which could have a material impact on Dave &Buster`s consolidated financial position, results of operations, solvency or liquidity. . .



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