secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001193125-24-232245
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden issues $750M senior notes (4.35%/4.55%) to fund Chuy's acquisition
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- Issued $400M 4.350% notes due 2027 and $350M 4.550% notes due 2029.
- Proceeds to finance pending Chuy's Holdings acquisition and general corporate purposes.
- 2029 notes subject to special mandatory redemption at 101% if Chuy's deal not closed by Feb 17, 2025.
- Terminated $600M term loan agreement with no outstanding balance upon note issuance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000119312524232245/0001193125-24-232245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000119312524232245/d897447d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-232245

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