An announcement from Darden Restaurants ( (DRI) ) is now available.
Darden Restaurants, Inc. has entered into an agreement to sell $750 million in Senior Notes, with proceeds aimed at financing its acquisition of Chuy’s Holdings, Inc. and other corporate needs. The notes, due in 2027 and 2029, are unsecured and will pay semi-annual interest starting April 2025. If the acquisition doesn’t close by the specified date, the 2029 Notes will be subject to a mandatory redemption. The sale of these notes also coincided with the termination of a previous $600 million term loan agreement.
For detailed information about DRI stock, go to TipRanks’ Stock Analysis page.
