BLMN - Bloomin' Brands prices $300M private debt offering

Bloomin’ Brands (BLMN) has priced $300M of 5.125% senior unsecured notes due  April 15, 2029 in a private offering. The notes will be issued jointly and severally by Bloomin’ Brands and its wholly-owned subsidiary OSI Restaurant Partners, LLC.Interest will be payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2021. Bloomin’ Brands intends to use the proceeds to repay a portion of its outstanding borrowings under its existing senior secured credit facilities and concurrently intends to refinance its existing senior secured credit facilities by entering into new senior secured credit facilities.

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Bloomin’ Brands prices $300M private debt offering