Brinker International Secures $1 Billion Credit Facility with Extended Maturity Date Under Amended Agreement

Reuters
05-06
Brinker International Secures $1 Billion Credit Facility with Extended Maturity Date Under Amended Agreement

Brinker International Inc. has announced an amendment to its existing credit agreement, originally dated August 18, 2021, with a consortium of banks led by JPMorgan Chase Bank, N.A. as the administrative agent. Effective May 1, 2025, this Fourth Amendment increases Brinker's revolving credit facility from $900 million to $1 billion. Additionally, the amendment revises the loan pricing to a rate of Term SOFR plus a margin ranging from 1.25% to 2.00%, with potential rate reductions tied to improved debt to cash flow ratios. The maturity date for this credit facility has also been extended to May 1, 2030. This strategic financial move aims to bolster Brinker's liquidity and financial flexibility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brinker International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000703351-25-000020), on May 05, 2025, and is solely responsible for the information contained therein.

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