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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!