Dutch Bros Inc (BROS) has released an update.
Just before its expiry, a company tapped into $150 million from its 2022 Credit Facility with JPMorgan Chase Bank and other lenders to fund corporate activities like opening new shops. The facility, which matures in February 2027, still has a $50 million portion accessible until 2025. Borrowers must manage interest and principal payments quarterly, and adhere to stringent financial and negative covenants, while ensuring a secured interest in the guarantors’ assets. This move provides the company with financial flexibility under the outlined terms and conditions, without additional SEC filing obligations for the reported details.
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