Darden Restaurants Issues Notes and Terminates Term Loan

Details

entered into an Underwriting Agreement to issue $400,000,000 of 4.350% Senior Notes due 2027 and $350,000,000 of 4.550% Senior Notes due 2029, which were sold on October 3, 2024. The net proceeds from the sale will be used to finance the acquisition of Chuy's Holdings, Inc., and for other general corporate purposes. Additionally, in connection with the issuance of the notes, the Company terminated its previously disclosed senior unsecured $600 million 2-year Term Loan Agreement.

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Exhibits (4)

About Darden Restaurants Inc.

Darden Restaurants Inc. holds a prominent position in the U.S. restaurant industry as an owner and operator of several well-known dining chains. Its primary function is to deliver dining experiences through its diverse brand portfolio, which includes iconic names like Olive Garden, LongHorn Steakhouse, and The Capital Grille. These brands cater to a wide range of customer preferences, offering everything from casual Italian-American meals to upscale steakhouse dining. Darden Restaurants is notable for its emphasis on quality food and customer service. It plays a crucial role in the restaurant sector, influencing dining trends and consumer choices across the nation. As a major player, Darden's operational strategies and economic performance significantly impact the hospitality and food service industries, making it a bellwether for restaurant sector dynamics. The company continuously adapts to changing consumer tastes, leveraging its scale to innovate and maintain competitive advantages in a crowded marketplace. Based in Orlando, Florida, Darden Restaurants Inc. continues to be a leader in delivering culinary experiences to millions of patrons annually.