DRVN: Lenders waive defaults, amend credit agreement for financial restatement

Driven Holdings, LLC, a subsidiary of Driven Brands Holdings Inc. (DRVN), secured a limited waiver and fourth amendment to its Credit Agreement from its lenders. This agreement waives certain defaults and events of default related to the company's intent to restate financial statements for fiscal years 2023 and 2024, and specific quarters in 2025. The amendment also extends financial statement delivery deadlines, allowing the company time to address its reporting issues.