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  "documentTitle": "First Watch | IPO Presentation Deck | 39 slides",
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  "authorName": "First Watch",
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  "presentationDate": "2021-09-01 00:00:00",
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  "notes": "The slide outlines a debt refinancing strategy concurrent with an IPO to reduce interest expenses.",
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      "text": "Concurrent with IPO, planning to refinance existing debt with a 5 year term loan and revolving credit facility which will result in substantially lower interest expense",
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      "text": "Expected $175mm IPO with net proceeds used to pay down debt; New capital structure will consist of a revolving credit facility and term loan debt facility; Interest expense to be significantly lower than current rates based on lower debt and better terms",
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      "text": "Current Debt Summary: Term Loan $150mm, Delayed Draw Term Loan $138mm, Revolving Credit Facility Undrawn with $20mm availability, Total Debt $288mm, Effective Interest Rate 8.00%",
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      "kind": "title",
      "text": "Capital Structure Post IPO Primed for Growth",
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