Bloomin’ Brands Initiates Interest Rate Swaps to Curb Risk

Bloomin’ Brands (BLMN) has shared an update.

OSI Restaurant Partners, LLC, under Bloomin’ Brands, Inc., has engaged in interest rate swap agreements worth $175 million to mitigate the impact of variable rate fluctuations. Set for a two-year period, these swaps aim to convert variable rates based on the Secured Overnight Financing Rate to a fixed rate, while incorporating a specific adjustment and spread. Additionally, the disclosure includes caution regarding forward-looking statements, emphasizing that such predictions are subject to various risks and uncertainties that could significantly affect actual outcomes.

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