8-KItem 1.01 · Material AgreementItem 1.02 · Termination of AgreementItem 2.03 · Financial ObligationItem 9.01 · Financial Statements
Darden Restaurants Replaces Credit Facility With $1.5 Billion Revolving Agreement
Filed with the SEC on · Summarized by InvestorsBot
Darden Restaurants entered into a $1.5 billion senior unsecured revolving credit agreement with Bank of America, as administrative agent, and participating lenders, replacing its prior credit agreement. The facility matures October 22, 2031, includes a $150 million letter-of-credit sublimit, and can fund working capital, capital expenditures, debt refinancing, acquisitions and general corporate purposes; interest and fees will vary based partly on Darden’s credit ratings.