Denny's Corporation has amended its existing credit facility by entering into the Second Amendment to the Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, and other lenders. The amendment, executed on October 28, 2025, extends the maturity date of the facility to January 29, 2027. Additionally, it removes the accordion feature that previously allowed the company to increase the credit facility from $400 million to $450 million, and reduces the facility's capacity from $400 million to $325 million. Under the amended agreement, Denny's is also prohibited from paying dividends and making share repurchases, among other general investment restrictions.
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. Denny's Corporation 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: 0001193125-25-262835), on November 03, 2025, and is solely responsible for the information contained therein.