Bloomin' Brands extends $1.2B revolver maturity to Sept 25, 2031; adds senior secured leverage covenant

Bloomin' Brands, Inc.

Fourth Amended and Restated Credit Agreement signed Sept 25, 2026 extends revolver maturity to Sept 25, 2031; the $1.2B commitment amount and interest rate spreads are substantially unchanged.
New financial covenant caps Consolidated Senior Secured Net Leverage Ratio at 3.50 to 1.00; existing Total Net Leverage Ratio limit of 4.50 to 1.00 is retained.
Company calls the refinancing leverage neutral; CEO Mike Spanos cites 'favorable pricing and substantial liquidity' and enhanced flexibility for strategic priorities.
Co-borrowers are Bloomin' Brands and OSI Restaurant Partners, LLC; Wells Fargo Bank, National Association serves as administrative agent.
Facility remains guaranteed by domestic 100%-owned subsidiaries (other than the co-borrower) and secured by substantially all owned or later-acquired assets, including subsidiary capital stock.

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