Darden draws $600 million of term loans to fund Ruth’s acquisition

By Mary-Katherine Stinson

Lexington, Ky., June 14 – Darden Restaurants, Inc. borrowed $600 million under its term loan agreement to fund a portion of the acquisition price for Ruth’s Hospitality Group, Inc., according to an 8-K filing with the Securities and Exchange Commission.

The merger was completed on June 14 with Ruth’s becoming an indirect, wholly owned subsidiary of Darden.

Darden is an Orlando, Fla.-based restaurant operator.

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