Darden Restaurants expands revolving credit facility to $1.5 billion with Bank of America-led lenders

Bitget2026/10/23 20:56

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Darden Restaurants entered a $1.5 billion amended and restated revolving credit agreement on October 22, 2026.
The senior unsecured facility matures October 22, 2031, with Bank of America serving as administrative agent.
It replaces a $1.25 billion credit agreement that had no outstanding borrowings at termination.
Terms include a $150 million letter-of-credit sublimit and a maximum consolidated net debt-to-total-capitalization ratio of 3.50 to 1.00.
Proceeds may fund working capital, capital expenditures and other corporate purposes; borrowing rates depend partly on credit ratings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Darden Restaurants Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000940944-26-000060), on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Darden Restaurants expands revolving credit facility to $1.5 billion with Bank of America-led lenders

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