Financing ·
Darden signs $1.5B amended revolving credit facility maturing in 2031
DRIDarden Restaurants Inc
Darden Restaurants entered into a $1,500,000,000 Amended and Restated Revolving Credit Agreement with Bank of America as administrative agent on October 22, 2026. The new senior unsecured facility matures on October 22, 2031, includes a $150 million letter of credit sublimit, and permits proceeds for working capital, capital expenditures, refinancing indebtedness, acquisitions, and general corporate purposes. It replaces the prior $1,250,000,000 credit agreement dated October 23, 2023, which was terminated upon effectiveness of the new facility with no amounts outstanding under the old agreement. The company operates in the restaurant industry.