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BLMN - Bloomin' Brands to raise $300M via private debt offering
Bloomin' Brands Inc.
Bloomin’ Brands (BLMN) and its wholly-owned subsidiary OSI Restaurant Partners, LLC to offer $300M of senior unsecured notes due 2029 in a private offering. The company intends to use the proceeds to repay a portion of its outstanding borrowings under its existing senior secured credit facilities.Concurrently, the company intends to refinance its existing senior secured credit facilities by entering into new senior secured credit facilities.