OTHER INFORMATION
−Removed: Entry into a Material Definitive Agreement
−Removed: On May 2, 2023 (the “Effective Date”), Brinker International, Inc.
−Removed: (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”;
−Removed: 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.
−Removed: is acting as administrative agent (the “Administrative Agent”), which governs the Company’s existing $800 million revolving credit facility (the “Credit Facility”).
−Removed: Capitalized terms not defined in this description shall have the meanings given them in the Existing Credit Agreement.
−Removed: The Second Amendment provides for the following changes to the Existing Credit Agreement:
−Removed: • An increase in the Credit Facility by $100 million to an aggregate amount of $900 million.
−Removed: • Transition of loans under the Amended Credit Agreement from Eurodollar to Term SOFR rate.
−Removed: • 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.
−Removed: 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.
+Added: During the thirteen week period ended September 27, 2023 , no director or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement.
Exhibit Description
1 unchanged sentence
Bylaws of Registrant (2)
−Removed: Second Amendment to the Credit Agreement dated May 2, 2023*
+Added: Registrant’s Terms of Fiscal 2024 Retention Restricted Stock Unit Award *
+Added: Registrant’s Terms of Fiscal 2024 Restricted Stock Unit Award*
+Added: Registrant’s Fiscal 2024 Performance Share Plan*
Certification by Kevin D.
14 unchanged sentences
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 March 29, 2023 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 September 27, 2023 is formatted in Inline XBRL.
* Filed herewith.
4 unchanged sentences
a Delaware corporation
−Removed: May 3, 2023 By:
+Added: November 1, 2023 By:
President and Chief Executive Officer
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(Principal Executive Officer)
−Removed: May 3, 2023 By:
+Added: November 1, 2023 By:
/S/ JOSEPH G.
2 unchanged sentences
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.