secwatch.observer — SEC 8-K summary
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Issuer:     Bloomin' Brands, Inc. (BLMN)
CIK:        0001546417
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001546417-24-000070
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000070/0001546417-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000070/blmn-20240305.htm
  HTML page:      https://secwatch.observer/filing/0001546417-24-000070

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