Bloomin' Brands unit locks in $175M interest rate swaps at 4.40% fixed rate

Bloomin' Brands, Inc.

OSI Restaurant Partners entered five swap agreements with five counterparties on March 5, 2024.
Aggregate notional is $175M; weighted average fixed rate 4.40% excludes SOFR adjustment and spread.
Swaps effective March 29, 2024, terminate March 31, 2026; convert SOFR-based debt to fixed rate.
Embedded floor of minus 0.10% on the floating leg.

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