secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001193125-23-253492
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden issues $500M 6.300% Senior Notes due 2033; repays Term Loan from Ruth's Chris buy
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- Issued $500M aggregate principal of 6.300% Senior Notes due Oct 10, 2033; interest paid semi-annually.
- Net proceeds plus cash used to repay $600M floating-rate Term Loan (due 2026) from Ruth's Hospitality acquisition.
- Term Loan terminated and commitments canceled; affiliates of underwriters received >5% of net proceeds.
- Notes are senior unsecured, rank equally with existing unsecured debt; used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000119312523253492/0001193125-23-253492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000119312523253492/d560942d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-253492

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