0001437749-11-007375.txt : 20111005 0001437749-11-007375.hdr.sgml : 20111005 20111005145743 ACCESSION NUMBER: 0001437749-11-007375 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110929 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20111005 DATE AS OF CHANGE: 20111005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Diversified Restaurant Holdings, Inc. CENTRAL INDEX KEY: 0001394156 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741] IRS NUMBER: 030606420 STATE OF INCORPORATION: NV FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53577 FILM NUMBER: 111126637 BUSINESS ADDRESS: STREET 1: 27680 FRANKLIN ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034 BUSINESS PHONE: (248) 223-9160 MAIL ADDRESS: STREET 1: 27680 FRANKLIN ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034 FORMER COMPANY: FORMER CONFORMED NAME: Diversified Restaurants Holding, Inc. DATE OF NAME CHANGE: 20070322 8-K 1 drh_8k-092911.htm CURRENT REPORT drh_8k-092911.htm
 
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): September 29, 2011
 
____________________________________
 
DIVERSIFIED RESTAURANT HOLDINGS, INC.
(Name of registrant in its charter)
 
_____________________________________

Nevada
  
000-53577
  
03-0606420
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)
   
 
 
27680 Franklin Road
Southfield, MI  48034
    
(Address of principal executive offices)

Registrant's telephone number:  (248) 223-9160
______________________________________
 
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[   ]       Written communications pursuant to Rule 425 under the Securities Act
 
[   ]       Soliciting material pursuant to Rule 14a-12 under the Exchange Act
 
[   ]       Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
 
[   ]       Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 
 
 

Item 1.01 Entry into a Material Definitive Agreement
 
On September 29, 2011, Diversified Restaurant Holdings, Inc. (the “Company”) entered into a commitment letter with RBS Citizens, N.A., as administrator and lead arranger, with respect to senior credit facilities of up to $50 million.   The senior credit facilities will include a term loan facility of up to $42 million to refinance the existing outstanding debt of the Company and its affiliates and to finance a potential acquisition.  The senior credit facilities will also include a renewal of the Company’s development line of credit facility of up to $7 million to fund the development of Buffalo Wild Wings and Bagger Dave’s restaurants and a renewal of its revolving line of credit of up to $1 million.  The senior credit facilities will be secured by a first priority lien on the Company’s assets.  The commitment letter provides, among other things, that the closing of the senior credit facilities is subject to conditions customary to similar transactions.
 
SIGNATURES
 
In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 

 
DIVERSIFIED RESTAURANT HOLDINGS, INC.
 
  
Dated: October 5, 2011 
By:  
/s/ David G. Burke  
  
   
Name:  
David G. Burke 
  
   
Title:  
Chief Financial Officer 
(Principal Financial and Accounting Officer)