UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (date of earliest event reported: July 17,
2006
DENNY’S
CORPORATION
(Exact
name of registrant as specified in its charter)
|
Delaware
|
0-18051
|
3-3487402
|
|
(State
or other jurisdiction of
|
Commission
File No.
|
(I.R.S.
Employer
|
|
Incorporation
or organization
|
Identification
No.)
|
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))
1
Item
1.01 Entry into a Material Definitive Agreement
On
July
17, 2006, Denny’s Corporation (together with its subsidiaries, the “Company”),
Denny’s Inc., Denny’s Realty, LLC (f/k/a Denny’s Realty, Inc.), Denny’s
Holdings, Inc. and DFO, LLC (f/k/a DFO, Inc.) entered into amendments to their
senior secured credit facilities, such original facilities dated as of September
21, 2004, with the lenders named therein and Bank of America, N.A., as
administrative agent.
Among
other things, the amendments:
| · |
allow
the Company to sell 84 Specified Properties, primarily company-owned
franchisee-operated real estate, with the Net Cash Proceeds (as defined)
from such sales to be applied to reduce outstanding indebtedness
under the
Credit Agreement;
|
| · |
increase
the allowance during a fiscal year for the sale of restaurant businesses
or property (excluding Specified Properties);
and
|
| · |
increase
the limit on Letter of Credit Commitments under the Revolving Commitment
portion of the credit facilities to $55
million.
|
Item
2.03 Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant
See
Item
1.01 above for information concerning amendments to the Company's senior secured
credit facilities and the increase in the limit on Letter of Credit Commitments
under the Revolving Commitment thereunder.
2
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.
|
Denny's
Corporation
|
|
| Date: July 20, 2006 |
/s/
F. Mark Wolfinger
|
|
F.
Mark Wolfinger
|
|
|
Senior
Vice President and
|
|
|
Chief
Financial Officer
|
3