Bloomin' Brands subsidiary enters $300M interest rate swaps to hedge variable rate debt

Bloomin' Brands, Inc.

OSI Restaurant Partners executed eight swap agreements with $300M aggregate notional.
$100M swap at 3.37% fixed (Dec 2025–Dec 2026); $200M at 3.18% (Mar 2026–Dec 2027).
Swaps convert SOFR-based debt to weighted average fixed rate plus 0.10% term SOFR adjustment and 150-250 bps spread.
Effective date for $100M tranche is Dec 31, 2025; for $200M tranche is Mar 31, 2026.
Transaction helps manage exposure to variable interest rate fluctuations.

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