Dutch Bros(BROS) - 2024 Q1 - Quarterly Report

The covenants under our 2022 Credit Facility restrict our ability, among other things, to: • incur additional debt; • grant liens on assets; • sell or dispose of assets; • merge with or acquire other companies, or make other investments; • enter into sale and leaseback transactions and swap agreements; • liquidate or dissolve ourselves; In addition, our 2022 Credit Facility contains financial covenants that require us not to exceed a maximum net lease-adjusted total leverage ratio and maintain a minimum fix ...