---
schema_version: "secwatch.filing_event.v1"
accession: "0001546417-24-000062"
form_type: "8-K"
ticker: "BLMN"
cik: "0001546417"
company_name: "Bloomin' Brands, Inc."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:29:37.656635+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bloomin' Brands enters $220M ASR and exchanges $83.6M convertible notes for equity

## Summary
- ASR agreement with Wells Fargo to repurchase ~$220M of common stock; initial delivery of ~6.5M shares on March 4.
- Exchange agreements with noteholders convert $83.6M of 2025 Notes into 7.49M shares and $3.27M cash; $20.7M notes remain.
- Early termination of note hedge and warrant transactions yields ~$16M cash and 289K shares to the company.
- Company expects no material impact to 2024 adjusted diluted EPS outlook from these transactions.

## SEC filing metadata
- accession: 0001546417-24-000062
- form_type: 8-K
- ticker: BLMN
- cik: 0001546417
- company_name: Bloomin' Brands, Inc.
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000062/0001546417-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000062/blmn-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001546417-24-000062
- JSON: https://secwatch.observer/filing/0001546417-24-000062.json
- Plain text: https://secwatch.observer/filing/0001546417-24-000062.txt

## Key facts
- Material Agreements
  Bloomin' Brands, Inc. entered into Accelerated Stock Repurchase Agreement with Wells Fargo Bank, National Association valued at $220,000,000 (effective 2024-03-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $220,000,000
  - Effective: 2024-03-01
  source text: On March 1, 2024, Bloomin’ Brands, Inc. (the “Company”) entered into an accelerated share repurchase agreement (the “ASR Agreement”), pursuant to its previously announced 2024 Share Repurchase Program, with Wells Fargo Bank, National Association (“Wells Fargo”) to repurchase approximately $220 million of the Company’s common stock (“Common Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000062/0001546417-24-000062-index.htm

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