Bloomin’ Brands extends $1.2 billion revolving credit facility maturity to September 2031
BLMN•Bloomin’ Brands extended the maturity of its $1.2 billion revolving credit facility to Sept. 25, 2031, with lender commitments and interest rate terms substantially unchanged.
1. Credit facility amended
Bloomin’ Brands amended and restated its revolving credit facility, extending its maturity to Sept. 25, 2031. Lender commitments remained at $1.2 billion, interest rate elections and spreads were substantially unchanged, and the deal was described as leverage neutral; it added a senior secured net leverage ratio covenant.
