Driven Brands Holdings Inc. 8-K

What Happened

• Driven Brands Holdings Inc. (filed 8-K on Apr 27, 2026) disclosed that its indirect subsidiaries Driven Holdings Parent LLC and Driven Holdings, LLC entered into a Limited Waiver and Fourth Amendment to their revolving Credit Agreement on April 24, 2026 with JPMorgan Chase Bank, N.A. (Administrative Agent) and certain lenders.
• The Amendment waives any defaults or events of default that may have arisen from the Borrower’s notice that it intends to restate previously delivered financial statements for the fiscal years ended Dec 30, 2023 and Dec 28, 2024 and the first three quarters of the fiscal year ending Dec 27, 2025. It also extends filing deadlines for upcoming Borrower financials.

Key Details

• Amendment date: April 24, 2026; Form 8-K filed April 27, 2026.
• Waiver: clears any defaults/events of default tied to the Borrower’s restatement notice.
• Extended deadlines: delivery of 2025 Borrower Financial Statements moved to 165 days after fiscal year-end (June 10, 2026); Q1 2026 Borrower Financial Statements due 45 days after delivery of the 2025 Borrower Financials.
• The Company expects to deliver the 2025 Borrower Financial Statements on or before June 10, 2026.

Why It Matters

• The waiver and amendment prevent the restatement notice from automatically creating defaults under the Credit Agreement, avoiding immediate lender remedies tied to those defaults.
• Investors should watch for the forthcoming restated financial statements (expected by June 10, 2026) and any additional disclosures about the restatement’s scope, as those restatements can affect historical results and future investor guidance.