---
schema_version: "secwatch.filing_event.v1"
accession: "0000940944-24-000040"
form_type: "8-K"
ticker: "DRI"
cik: "0000940944"
company_name: "DARDEN RESTAURANTS INC"
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T04:09:03.219055+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Darden Restaurants amends credit facility covenants and secures $600M term loan for Chuy's acquisition

## Summary
- Replaced debt-to-capitalization covenant with max leverage ratio of 3.50x (4.00x after covered acquisition).
- Entered $600 million senior unsecured 2-year term loan agreement to finance Chuy's Holdings acquisition.
- Term loan allows single borrowing by Feb 17, 2025; no draws yet as of filing date.
- Interest based on Term SOFR plus margin tied to credit ratings; consistent with existing credit agreement.

## SEC filing metadata
- accession: 0000940944-24-000040
- form_type: 8-K
- ticker: DRI
- cik: 0000940944
- company_name: DARDEN RESTAURANTS INC
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/940944/000094094424000040/0000940944-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/940944/000094094424000040/dri-20240916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000940944-24-000040
- JSON: https://secwatch.observer/filing/0000940944-24-000040.json
- Plain text: https://secwatch.observer/filing/0000940944-24-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.