Financing ·
Bloomin' Brands extends $1.2 billion revolving credit facility to September 2031
BLMNBloomin' Brands, Inc.
Bloomin' Brands, Inc. entered into a Fourth Amended and Restated Credit Agreement on September 25, 2026, extending the maturity of its $1.2 billion revolving credit facility to September 25, 2031. The transaction is leverage neutral with substantially unchanged lender commitments, interest rate elections, and spreads. A new financial covenant requires the Consolidated Senior Secured Net Leverage Ratio not to exceed 3.50 to 1.00, while the existing Total Net Leverage Ratio cap remains at 4.50 to 1.00. The facility is secured by substantially all assets of the borrowers and their domestic subsidiaries. Bloomin' Brands operates a portfolio of full-service dining restaurant concepts including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar.