{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-166574","form_type":"8-K","ticker":"DRI","cik":"0000940944","company_name":"DARDEN RESTAURANTS INC","filed_at":"2023-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.945500+00:00","generated_at":"2026-06-14T01:44:05.798268+00:00","sec_items":["2.01","2.03","1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Darden completes $715M all-cash acquisition of Ruth's Hospitality Group","bullets":["Darden acquired Ruth's Hospitality Group for $21.50/share cash; total consideration ~$715 million.","Tender offer expired with 22.85M shares (71.2% of outstanding) validly tendered; all conditions satisfied.","Acquisition funded via $600M 3-year senior unsecured term loan and cash on hand.","Ruth's Chris operates 155 locations (81 company-owned, 74 franchised); stock delisted from Nasdaq."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-166574","json":"https://secwatch.observer/filing/0001193125-23-166574.json","markdown":"https://secwatch.observer/filing/0001193125-23-166574.md","text":"https://secwatch.observer/filing/0001193125-23-166574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/940944/000119312523166574/0001193125-23-166574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/940944/000119312523166574/d491268d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T01:44:05.798268+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f03f661edd6377f5676d80203cde1cbd8cb89de4","claim":"DARDEN RESTAURANTS INC incurred term loan of $600,000,000 with Bank of America, N.A., as administrative agent maturing 3-year.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/940944/000119312523166574/0001193125-23-166574-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$600,000,000"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Maturity","value":"3-year"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a9975a12c1b8ebb48aab28058520364d52d24c00","claim":"DARDEN RESTAURANTS INC completed an acquisition involving Ruth's Hospitality Group, Inc. for $21.50 per Share (closed 2023-06-14).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/940944/000119312523166574/0001193125-23-166574-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Ruth's Hospitality Group, Inc."},{"label":"Consideration","value":"$21.50 per Share"},{"label":"Closing","value":"2023-06-14"}],"fact_type":"ma_transaction"},{"claim_id":"2216b5cc15f668ff274ab008b467fd39bf60be00","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/940944/000119312523166574/0001193125-23-166574-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, the lenders and other agents party thereto"},{"label":"Value","value":"$600,000,000"},{"label":"Effective","value":"2023-06-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}