OTHER INFORMATION
+Added: Entry into a Material Definitive Agreement
+Added: On May 2, 2023 (the “Effective Date”), Brinker International, Inc.
+Added: (the “Company”) and certain of its subsidiaries entered into a Second Amendment (the “Second Amendment”), which amends the Company’s Credit Agreement dated as of August 18, 2021 (as heretofore amended, the “Existing Credit Agreement”;
+Added: the Existing Credit Agreement as amended by the Second Amendment, the “Amended Credit Agreement”) with a with a group of banks for which JPMorgan Chase Bank, N.A.
+Added: is acting as administrative agent (the “Administrative Agent”), which governs the Company’s existing $800 million revolving credit facility (the “Credit Facility”).
+Added: Capitalized terms not defined in this description shall have the meanings given them in the Existing Credit Agreement.
+Added: The Second Amendment provides for the following changes to the Existing Credit Agreement:
+Added: • An increase in the Credit Facility by $100 million to an aggregate amount of $900 million.
+Added: • Transition of loans under the Amended Credit Agreement from Eurodollar to Term SOFR rate.
+Added: • Incremental term loans and incremental equivalent debt may be incurred under the Amended Credit Agreement, in addition to the incremental revolving commitment increases that could have been incurred under the Existing Credit Agreement, in an aggregate amount not to exceed $250 million and an unlimited amount subject to a first lien debt to cash flow ratio of 2.50:1.00.
+Added: The foregoing description is only a summary and it is qualified in its entirety by the specific terms of the Second Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Exhibit Description
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Bylaws of Registrant (2)
−Removed: Registrant’s 1999 Stock Option and Incentive Plan for Non-Employee Directors and Consultants, as amended*
−Removed: Registrant’s Fiscal 2023 Performance Share Plan (3)
+Added: Second Amendment to the Credit Agreement dated May 2, 2023*
Certification by Kevin D.
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101.PRE XBRL Presentation Linkbase
−Removed: 104 The cover page from the Registrant's Quarterly Report on Form 10-Q for the thirteen week period ended December 28, 2022 is formatted in Inline XBRL.
+Added: 104 The cover page from the Registrant's Quarterly Report on Form 10-Q for the thirteen week period ended March 29, 2023 is formatted in Inline XBRL.
* Filed herewith.
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(2) Filed as an exhibit to Annual Report on Form 10-K for fiscal year ended June 27, 2018 and incorporated herein by reference.
−Removed: (3) Filed as an exhibit to Form 8-K filed on November 3, 2022 and incorporated herein by reference.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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a Delaware corporation
−Removed: February 1, 2023 By:
+Added: May 3, 2023 By:
President and Chief Executive Officer
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(Principal Executive Officer)
−Removed: February 1, 2023 By:
+Added: May 3, 2023 By:
/S/ JOSEPH G.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.