Denny’s Corp (DENN) 8-K Summary
Denny’s Corporation filed an 8-K reporting a material amendment to its existing credit facility, effective October 28, 2025.
Key Financial Changes:
- Facility maturity date extended to January 29, 2027.
- Total capacity reduced from \(400M to **\)325 million**.
- The accordion feature allowing expansion to $450M was removed.
Critical Investor Restriction:
Pursuant to the Amended Credit Agreement, the Company is prohibited from paying dividends and making share repurchases.
This action modifies key terms of the company’s debt s
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