Driven Brands Holdings Inc. 8-K

What Happened

• Driven Brands Holdings Inc. (DRVN) filed an 8-K on March 11, 2026 disclosing Amendment No. 1 to the Second Amended and Restated Base Indenture (originally dated Oct. 20, 2025). The amendment was entered into by its subsidiaries Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation (the “Co-Issuers”) with Citibank, N.A. as trustee.
• The amendment extends deadlines for certain deliverables and clarifies requirements that follow a re‑issuance/restatement of the Co‑Issuers’ financial statements. It explicitly does not change the Company’s obligation under Section 4.1(i)(ii) to deliver Driven Brands’ Annual Report on Form 10-K for the fiscal year ended December 27, 2025 to the trustee by April 26, 2026. The company says it expects to comply with that delivery requirement.

Key Details

• Filing date: March 11, 2026 (Form 8-K).
• Parties: Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation (Co‑Issuers); Citibank, N.A. (Trustee).
• Purpose: Amendment No. 1 extends deadlines and clarifies post‑restatement requirements after a re‑issuance of the Co‑Issuers’ financial statements.
• Unchanged obligation: Driven Brands must deliver its Form 10‑K for fiscal year ended Dec. 27, 2025 to the trustee by April 26, 2026; the company expects to meet this deadline.

Why It Matters

• For investors, the filing signals a modification to bond/indenture administrative terms tied to a financial statement re‑issuance, which may affect timing for related covenant deliverables but does not alter the company’s Form 10‑K filing obligation.
• The company’s explicit expectation to comply with the April 26, 2026 Form 10‑K delivery is material because delays in financial reporting can affect investor confidence and trigger trustee or covenant actions; the filing also includes the standard forward‑looking caution about possible delays.