Darden Restaurants enters $1B revolving credit facility, replacing $750M prior facility

DARDEN RESTAURANTS INC

New $1B senior unsecured revolving credit facility matures September 10, 2026.
Includes a $150M sublimit for standby letters of credit and an accordion feature to increase commitments by up to $500M.
Replaces prior $750M credit agreement (dated Oct 2017, amended Mar 2020) with no borrowings outstanding.
Interest rates and fees are based on prevailing rates and the company's long-term senior unsecured debt rating.

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