Dave & Buster's Entertainment successfully amended its credit agreement, achieving favorable pricing and upsizing the Term Loan B facility to $900 million. Deutsche Bank Securities, JPMorgan Chase Bank, Wells Fargo Securities, BMO Capital Markets, Truist Securities, Capital One, and Fifth Third Bank acted as joint lead arrangers and joint bookrunners for the transaction.

The amendment to the credit agreement, among other things:

• Provides for an upsized term loan facility in an aggregate principal amount of $900 million, issued at an OID of 99.00

• Reduces the interest rate margin applicable to term loans and revolving loans outstanding under the credit agreement by 1.25%

• Provides additional upsize proceeds that will be used for general corporate and working capital purposes

“We are pleased with the swift execution and improved economics of this deal which is a testament to the strong financial position of our company and positive momentum we have created in the year following the merger with Main Event,” said Michael Quartieri, Dave & Buster’s Chief Financial Officer.