---
schema_version: "secwatch.filing_event.v1"
accession: "0001546417-22-000064"
form_type: "8-K"
ticker: "BLMN"
cik: "0001546417"
company_name: "Bloomin' Brands, Inc."
filed_at: "2022-05-26T23:59:59+00:00"
generated_at: "2026-06-25T06:45:08.326006+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bloomin' Brands exchanges $125M of convertible notes for cash and stock; reduces outstanding debt

## Summary
- Exchanges $125M aggregate principal of 5.00% Convertible Senior Notes due 2025 (~54% of outstanding), leaving $105M outstanding.
- Illustrative consideration at $18.88 per share: ~$200M cash + ~1.4M shares; actual determined by 10-day VWAP starting May 26.
- Closing expected June 14, 2022; shares issued unregistered under Section 4(a)(2) exemption.
- Company plans to unwind related convertible note hedges and warrants, expecting net termination payments from derivative counterparties.

## SEC filing metadata
- accession: 0001546417-22-000064
- form_type: 8-K
- ticker: BLMN
- cik: 0001546417
- company_name: Bloomin' Brands, Inc.
- filed_at: 2022-05-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546417/000154641722000064/0001546417-22-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546417/000154641722000064/blmn-20220525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001546417-22-000064
- JSON: https://secwatch.observer/filing/0001546417-22-000064.json
- Plain text: https://secwatch.observer/filing/0001546417-22-000064.txt

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