Dave & Buster's Files 8-K on Material Agreement, Exhibits
Ticker: PLAY · Form: 8-K · Filed: Feb 1, 2024 · CIK: 1525769
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-action, exhibits
TL;DR
**Dave & Buster's just signed a big deal, details to follow, could move the stock.**
AI Summary
Dave & Buster's Entertainment, Inc. (PLAY) filed an 8-K on February 1, 2024, reporting an "Entry into a Material Definitive Agreement" and "Financial Statements and Exhibits" as of January 31, 2024. This filing indicates that the company has entered into a significant new contract or arrangement, which could impact its future operations and financial performance. For investors, understanding the details of this agreement is crucial as it could signal new growth opportunities, changes in strategy, or potential new liabilities, directly affecting the stock's valuation.
Why It Matters
This filing signals a new, important agreement for Dave & Buster's, which could significantly alter its business outlook, revenue streams, or cost structure. Investors should monitor for further details to assess the potential positive or negative impact on the company's stock price.
Risk Assessment
Risk Level: medium — The filing indicates a material agreement without providing specific details, creating uncertainty about its potential impact on the company's financial health and future prospects.
Analyst Insight
A smart investor would await further disclosures from Dave & Buster's regarding the specifics of the "Material Definitive Agreement" before making any investment decisions, as the nature of this agreement could significantly impact the company's future performance.
Key Players & Entities
- Dave & Buster's Entertainment, Inc. (company) — the registrant filing the 8-K
- PLAY (company) — the trading symbol for Dave & Buster's Entertainment, Inc.
- NASDAQ Stock Market LLC (company) — the exchange where Dave & Buster's Common Stock is registered
- January 31, 2024 (date) — the date of the earliest event reported in the 8-K
- February 1, 2024 (date) — the filed as of date for the 8-K
FAQ
What is the primary purpose of this 8-K filing by Dave & Buster's Entertainment, Inc.?
The primary purpose of this 8-K filing is to report an "Entry into a Material Definitive Agreement" and to include "Financial Statements and Exhibits," with the earliest event reported occurring on January 31, 2024.
What is the trading symbol and the exchange where Dave & Buster's Entertainment, Inc. common stock is registered?
The trading symbol for Dave & Buster's Entertainment, Inc. is PLAY, and its common stock is registered on the NASDAQ Stock Market LLC.
What is the state of incorporation for Dave & Buster's Entertainment, Inc.?
Dave & Buster's Entertainment, Inc. is incorporated in Delaware.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 31, 2024.
What is the business address and phone number listed for Dave & Buster's Entertainment, Inc. in the filing?
The business address listed is 1221 S. Belt Line Rd., Suite 500, Coppell, TX 75019, and the business phone number is (214) 357-9588.
Filing Stats: 612 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-02-01 16:44:06
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value PLAY NASDAQ Stock Market
Filing Documents
- tm244605d1_8k.htm (8-K) — 26KB
- tm244605d1_ex10-1.htm (EX-10.1) — 1690KB
- 0001104659-24-009502.txt ( ) — 2221KB
- play-20240131.xsd (EX-101.SCH) — 3KB
- play-20240131_lab.xml (EX-101.LAB) — 33KB
- play-20240131_pre.xml (EX-101.PRE) — 22KB
- tm244605d1_8k_htm.xml (XML) — 4KB
01
Item 1.01 Entry into a Material Definitive Agreement. On January 31, 2024 (the "Amendment Effective Date"), Dave & Buster's, Inc. (the "Borrower Agent"), a wholly owned subsidiary of Dave & Buster's Entertainment, Inc. (the "Company"), Dave & Buster's Holdings, Inc. ("Holdings"), as parent guarantor, the additional borrowers party thereto, and Deutsche Bank AG New York Branch, as administrative agent and collateral agent (the "Agent") entered into the Third Amendment to Credit Agreement and Joinder Agreement (the "Amendment"), which amended that certain Credit Agreement, dated June 29, 2022 (the "Credit Agreement" and the Credit Agreement, as amended by the First Amendment to Credit Agreement dated as of June 30, 2023 and by the Second Amendment to Credit Agreement, dated as of January 19, 2024, and as further amended by the Amendment, the "Amended Credit Agreement"), by and among the Borrower Agent, Holdings, the subsidiary guarantors party thereto, the lenders party thereto and the Agent. The Amendment, among other things, provides for additional borrowers under the Amended Credit Agreement. The foregoing description of the Amendment is a summary and is therefore qualified in its entirety by the complete text of the Amendment, filed as Exhibit 10.1 to this report and incorporated into this Item 1.01 by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits. Exhibit No. Description 10.1 Third Amendment to Credit Agreement and Joinder Agreement, dated as of January 31, 2024, by and among Dave & Buster's, Inc., Dave & Buster's Holdings, Inc., the additional borrowers party thereto, and Deutsche Bank AG New York Branch. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. February 1, 2024 DAVE & BUSTER'S ENTERTAINMENT, INC. By: /s/ Bryan McCrory Bryan McCrory Vice President, General Counsel and Secretary