Bloomin' Brands prices USD300m senior notes issuance.

Global Banking News-April 7, 2021-Bloomin' Brands prices USD300m senior notes issuance

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Casual dining restaurant Bloomin' Brands Inc (Nasdaq:BLMN) on Tuesday priced its private offering of USD300.0m aggregate principal amount of 5.125% senior unsecured notes due 2029 maturing on 15 April 2029, unless earlier repurchased or redeemed.

The notes will be issued jointly and severally by the company and its wholly-owned subsidiary OSI Restaurant Partners LLC.

In addition, the notes will be guaranteed by each of the company's existing and future domestic restricted subsidiaries that are guarantors or borrowers under its senior secured credit facilities or certain other indebtedness. The notes will accrue interest at a rate of 5.125% per annum, payable semi-annually in arrears on...

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