Brinker sets roadshow for $350 million eight-year bullet notes; pricing next week

By Paul A. Harris

Portland, Ore., Sept. 13 – Brinker International, Inc. plans start a roadshow on Wednesday for a $350 million offering of non-callable eight-year senior notes, according to market sources.

The Rule 144A and Regulation S deal is expected to price on Sept. 20.

J.P. Morgan Securities LLC is the lead.

The Dallas-based casual dining restaurant company plans to use the proceeds to repurchase up to $300 million of its common stock and to repay up to $50 million of outstanding debt under its revolving credit facility, with any remaining proceeds to be used for general corporate purposes.

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