Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Files An 8-K Entry into a Material Definitive Agreement

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Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive Agreement

On May 24, 2017, Del Frisco’s Restaurant Group, Inc. (the “Company”) entered into the Fifth Amendment to Loan Agreement (the “Amendment”) to its Loan Agreement, as amended, dated as of October 15, 2012, by and among Del Frisco’s Restaurant Group, Inc., certain subsidiaries as guarantors, and JP Morgan Chase Bank N.A. (the “Loan Agreement”).  The Amendment, among other things, increases the capacity by which the Revolving Credit Commitment (as defined in the Amendment) can be increased by $20 million. Such commitment increases can be made in increments of $5 million at the Company’s request, up to a maximum amount of $50 million.  Additionally, the amendment modifies the definition of Adjusted EBITDA to provide for the exclusion of certain one-time expenses.

The foregoing summary of the Amendment is not complete and is subject in its entirety to the complete text of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference. 



Item 9.01Financial Statements and Exhibits

Exhibit 10.1 Third Amendment to Loan Agreement, dated as of May 24, 2017, to Loan Agreement, as amended, dated as of October 15, 2012, by and among Del Frisco’s Restaurant Group, Inc., certain subsidiaries as guarantors, and JP Morgan Chase Bank N.A.








About Del Frisco’s Restaurant Group, Inc.  (NASDAQ:DFRG)

Del Frisco’s Restaurant Group, Inc. develops, owns and operates three contemporary, complementary restaurants: Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). As of December 27, 2016, the Company operated 53 restaurants in 24 states and the District of Columbia in the United States. The Company’s segments include Del Frisco’s, Sullivan’s and the Grille. Del Frisco’s is a steakhouse concept in the United States. The Del Frisco’s brand’s menu includes the United States Department of Agriculture (USDA) Prime grade, wet-aged steaks hand-cut at the time of order and a range of other offerings, including prime lamb, fresh seafood, and signature side dishes and desserts. Each restaurant has a sommelier to guide diners through a wine list. As of December 27, 2016, the Company operated 12 Del Frisco’s steakhouses in nine states and the District of Columbia. Sullivan’s is a complementary concept to Del Frisco’s.

Del Frisco’s Restaurant Group, Inc.  (NASDAQ:DFRG) Recent Trading Information

Del Frisco’s Restaurant Group, Inc.  (NASDAQ:DFRG) closed its last trading session down -0.20 at 16.80 with 90,712 shares trading hands.