Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DARDEN RESTAURANTS INC incurred term loan of $600,000,000 with Bank of America, N.A., as administrative agent maturing 3-year.
- Instrument
- term loan
- Principal
- $600,000,000
- Counterparty
- Bank of America, N.A., as administrative agent
- Maturity
- 3-year
- Event
- incurrence
Exact text from the filing
On June 14, 2023, Parent borrowed $600,000,000 under the Term Loan Agreement to fund a portion of the consideration paid to purchase the Shares in connection with the Offer and the Merger.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
DARDEN RESTAURANTS INC completed an acquisition involving Ruth's Hospitality Group, Inc. for $21.50 per Share (closed 2023-06-14).
- Action
- acquisition
- Counterparty
- Ruth's Hospitality Group, Inc.
- Consideration
- $21.50 per Share
- Closing
- 2023-06-14
Exact text from the filing
a tender offer (the “ Offer ”) to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share, of the Company (the “ Shares ”) at a price of $21.50 per Share (the “ Merger Consideration ”), in cash, without interest (but subject to applicable withholding). The Offer was not extended and the Offer and related withdrawal rights
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DARDEN RESTAURANTS INC entered into Term Loan Agreement with Bank of America, N.A., as administrative agent, the lenders and other agents party thereto valued at $600,000,000 (effective 2023-06-14).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent, the lenders and other agents party thereto
- Value
- $600,000,000
- Effective
- 2023-06-14
Exact text from the filing
On June 14, 2023, Parent borrowed $600,000,000 under the Term Loan Agreement to fund a portion of the consideration paid to purchase the Shares in connection with the Offer and the Merger.
View on SEC.gov