Dave & Buster's Entertainment Amends Credit Agreement, Lowers Interest Rate
19 Janvier 2024 - 10:51PM
Dow Jones News
By Mary de Wet
Dave & Buster's Entertainment amended its credit agreement
to reduce the interest rate margin on its term loans and revolving
loans.
The term loans now bear an interest rate of the secured
overnight financing rate plus 325 basis points, versus the rate
plus 375 basis points previously, the company said.
The amendment is expected to lead to more than $5 million in
annual cash interest savings, the Dallas-based family entertainment
chain said.
Write to Mary de Wet at mary.dewet@dowjones.com
(END) Dow Jones Newswires
January 19, 2024 16:36 ET (21:36 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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