Dave & Busters Entertainment ( (PLAY) ) has shared an update.
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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.
Learn more about PLAY stock on TipRanks’ Stock Analysis page.
