Darden to buy back $600 million debt if Red Lobster sale goes through (Undercurrent News) Darden Restaurants Inc. has launched a tender offer for as much as $600 million of its debt, the company said Monday. The debt repurchase is subject to the completion of the sale of its Red Lobster division, Darden said. In May, the company said it would sell the struggling seafood chain for $2.1 billion to private equity firm Golden Gate Capital. The company had said it expected to use $1 billion of ...

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