secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2021-09-13T23:59:59+00:00
Accession:  0000940944-21-000046
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094421000046/0000940944-21-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094421000046/dri-20210910.htm
  HTML page:      https://secwatch.observer/filing/0000940944-21-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer