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 ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

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!

Questions about your account or how to access content?

Contact:Desiree TorresDesiree.Torres@penton.com

Already registered? here.