ORLANDO Fla. Darden Restaurants Inc., owner of the Red Lobster and Olive Garden chains, sold $1.15 billion in debt to help repay the interim credit facility that was used to fund the company’s acquisition of Rare Hospitality International Inc., according to statements filed with regulators on Thursday. Late last month Darden had secured an interim credit facility to fund its purchase of Atlanta-based Rare, which owns the LongHorn Steakhouse and The Capital Grille brands. The ...
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Contact: Desiree Torres Desiree.Torres@penton.com