Darden Restaurants expands revolving credit facility to $1.5 billion with Bank of America-led lenders
DRI•Darden Restaurants entered a $1.5 billion revolving credit agreement on October 22, replacing a $1.25 billion facility that had no outstanding borrowings. The new senior unsecured facility matures October 22, 2031, with Bank of America as administrative agent.
1. New credit facility
Darden Restaurants entered a $1.5 billion amended and restated revolving credit agreement on October 22, 2026. The senior unsecured facility matures October 22, 2031, and replaces a $1.25 billion agreement that had no outstanding borrowings when it ended.
2. Facility terms
The agreement includes a $150 million letter-of-credit sublimit and a maximum consolidated net debt-to-total-capitalization ratio of 3.50 to 1.00. Proceeds may be used for working capital, capital expenditures and other corporate purposes; borrowing rates depend partly on credit ratings. Bank of America serves as administrative agent.
