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Bloomin' Brands brings $975 million repricing
By Paul A. Harris
Portland, Ore., March 28 - Bloomin' Brands, Inc. (OSI Restaurant Partners, LLC) plans to complete a $975 million senior secured term loan B during the first half of April, according to a company press release.
Deutsche Bank Securities Inc. and BofA Merrill Lynch are the joint lead arrangers.
Deutsche Bank, BofA, Goldman Sachs Bank USA, J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc. are the joint lead bookrunners.
Proceeds will be used to refinance the existing $1 billion senior secured term loan B.
Bloomin' Brands is a portfolio of restaurant brands, comprised of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar and Roy's, with more than 1,450 restaurants in 48 states, Puerto Rico, Guam and 19 countries.
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