Bloomin' Brands expands revolver to $1.2B, extends maturity to 2029

Bloomin' Brands, Inc.

Revolver increased from $1.0B to $1.2B under new credit agreement dated Sept 19, 2024.
Maturity extended to September 19, 2029.
Total indebtedness and interest rate structure remain unchanged.
Financial covenant: Total Net Leverage Ratio capped at 4.50x (temporarily 5.00x for acquisitions).
Commitments can be increased up to $550M (unlimited if leverage condition met).

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