Brinker to redeem all $290 million of 5¾% notes via two new offerings

By Tali David

Minneapolis, May 8 - Brinker International, Inc. plans to use $290 million of the net proceeds from two senior note offerings to redeem all $290 million of its 5¾% notes due June 2014, according to a 424B2 filed with the Securities and Exchange Commission.

The company intends to use the balance of the net proceeds to repay a portion of the outstanding balance of its revolving credit facility and for general corporate purposes, including possible repurchases of common stock under its existing stock repurchase program.

Brinker is a Dallas-based company that owns, operates or franchises casual dining restaurant companies.

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