Bloomin’ Brands Inc., the new Outback Steakhouse parent company, expects to raise $300 million in its initial public offering, according to documents filed Friday with the Securities and Exchange Commission. The Tampa, Fla.-based Bloomin Brands evolved from OSI Restaurant Partners and Kangaroo Holdings Inc. It said proceeds from the IPO, which it first filed for last month, will pay off $248 million in debt. Additional proceeds will be used for working capital and general corporate ...
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Contact: Desiree Torres Desiree.Torres@penton.com