Dave & Busters Entertainment ( (PLAY) ) has shared an update.
Dave & Buster’s, Inc. has amended its credit agreement to secure a new $700 million term loan and a $650 million revolving credit facility. This strategic financial move will enable the company to redeem its 7.625% Senior Secured Notes due 2025 and refinance existing loans, offering flexibility with prepayment options. Investors should note the interest rates tied to leverage, presenting an opportunity for improved financial positioning.
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