Darden Restaurants buys back 3.79%, 4.52% notes totaling $290 million

By Marisa Wong

Madison, Wis., Aug. 1 – Darden Restaurants, Inc. repurchased on July 31 $80 million and $210 million aggregate principal amount of its 3.79% senior notes due 2019 and 4.52% senior notes due 2024, respectively, according to an 8-K filing with the Securities and Exchange Commission.

Darden repurchased the notes in connection with its previously announced $1 billion debt retirement following the sale of its Red Lobster business.

Darden is an Orlando, Fla.-based casual dining operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.