CREDIT AGREEMENT AMENDMENT NO. 1
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (date of earliest event reported): March 8,
2007
DENNY’S
CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
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0-18051
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13-3487402
|
(State
or other jurisdiction of
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Commission
File No.
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(I.R.S.
Employer
|
Incorporation
or organization
|
|
Identification
No.)
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203
East Main Street
Spartanburg,
South Carolina 29319-0001
(Address
of principal executive offices)
(Zip
Code)
(864)
597-8000
(Registrant’s
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions:
[
]
Written
communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[
]
Soliciting
material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[
]
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[
]
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01 Entry into a Material Definitive Agreement
On
March
8, 2007, Denny’s Corporation (together with its subsidiaries, the “Company”),
Denny’s Inc., Denny’s Realty, LLC, Denny’s Holdings,
Inc. and DFO, LLC entered into an amendment to the senior secured credit
agreement dated as of December 15, 2006, with
the
lenders named therein and Bank of America, N.A., as administrative
agent.
The
amendment reduces the per annum interest rate on the term loan and letter
of
credit facility to LIBOR plus 200 basis points.
Upon
the
event of a refinancing transaction,
under certain circumstances within one year of the amendment, the Company
would
be required to pay the term loan and letter of credit facility lenders a
1.0%
prepayment premium in the transaction.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits
Exhibit
99.1 -- Amendment No. 1 dated as of March 8, 2007 to the Amended and
Restated Credit Agreement dated as of December 15, 2006
SIGNATURES
Pursuant
to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
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Denny's
Corporation |
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|
|
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Date:
March 14, 2007 |
/s/
F. Mark Wolfinger |
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F.
Mark Wolfinger |
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Executive
Vice President, |
|
Growth
Initiatives and |
|
Chief
Financial Officer |