DRI · Darden Restaurants Inc · Debt

The aggregate consideration paid by Darden to acquire the Chuy’s Common Stock was approximately $660 million (including amounts payable to the holders of the Chuy’s RSUs, as described above), which was financed with a portion of the proceeds from Darden’s previously disclosed $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024.

Issuer evidence: On October 11, 2024 (the “Closing Date”), Darden Restaurants, Inc., a Florida corporation (“Darden”), completed the transactions contemplated by the previously announced Agreement and Plan of Merger, dated as of July 17, 2024 (the “Merger Agreement”), by and among Chuy’s Holdings, Inc., a Delaware corporation, (“Chuy’s”), Darden and Cheetah Merger Sub Inc., a Delaware corporation and an indirect, wholly-owned subsidiary of Darden (“Merger Sub”).

Supporting evidence: The aggregate consideration paid by Darden to acquire the Chuy’s Common Stock was approximately $660 million (including amounts payable to the holders of the Chuy’s RSUs, as described above), which was financed with a portion of the proceeds from Darden’s previously disclosed $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024.

On October 3, 2024, the Company issued and sold $400,000,000 aggregate principal amount of its 4.350% Senior Notes due 2027 (the “2027 Notes”) and $350,000,000 aggregate principal amount of its 4.550% Senior Notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”), pursuant to the provisions of the Underwriting Agreement. The Notes were issued under the Company’s Indenture, dated as of January 1, 1996, between the Company and Computershare Trust Company, National Association (as successor to Wells Fargo Bank, National Association, successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as trustee (the “Base Trustee”), as amended and supplemented by the Second Supplemental Indenture, dated as of October 4, 2023, among the Company, the Base Trustee and U.S. Bank Trust Company, National Association, as a successor trustee with respect to the Notes (the “Trustee”).

Issuer evidence: On September 30, 2024, Darden Restaurants, Inc. (the “Company”) entered into an Underwriting Agreement, dated September 30, 2024 (the “Underwriting Agreement”), among the Company and BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters the Notes (as defined below).

Supporting evidence: The 2027 Notes will mature on October 15, 2027 and the 2029 Notes will mature on October 15, 2029. Interest on the Notes will be paid semi-annually in arrears on April 15 and October 15 of each year, commencing on April 15, 2025, to holders of record on the preceding March 31 or September 30, as the case may be.

Supporting evidence: On October 3, 2024, the Company issued and sold $400,000,000 aggregate principal amount of its 4.350% Senior Notes due 2027 (the “2027 Notes”) and $350,000,000 aggregate principal amount of its 4.550% Senior Notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”), pursuant to the provisions of the Underwriting Agreement. The Notes were issued under the Company’s Indenture, dated as of January 1, 1996, between the Company and Computershare Trust Company, National Association (as successor to Wells Fargo Bank, National Association, successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as trustee (the “Base Trustee”), as amended and supplemented by the Second Supplemental Indenture, dated as of October 4, 2023, among the Company, the Base Trustee and U.S. Bank Trust Company, National Association, as a successor trustee with respect to the Notes (the “Trustee”).

Supporting evidence: On October 3, 2024, the Company issued and sold $400,000,000 aggregate principal amount of its 4.350% Senior Notes due 2027 (the “2027 Notes”) and $350,000,000 aggregate principal amount of its 4.550% Senior Notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”), pursuant to the provisions of the Underwriting Agreement. The Notes were issued under the Company’s Indenture, dated as of January 1, 1996, between the Company and Computershare Trust Company, National Association (as successor to Wells Fargo Bank, National Association, successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as trustee (the “Base Trustee”), as amended and supplemented by the Second Supplemental Indenture, dated as of October 4, 2023, among the Company, the Base Trustee and U.S. Bank Trust Company, National Association, as a successor trustee with respect to the Notes (the “Trustee”).

The aggregate consideration paid by Darden to acquire the Chuy’s Common Stock was approximately $660 million (including amounts payable to the holders of the Chuy’s RSUs, as described above), which was financed with a portion of the proceeds from Darden’s previously disclosed $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024.

Issuer evidence: On October 11, 2024 (the “Closing Date”), Darden Restaurants, Inc., a Florida corporation (“Darden”), completed the transactions contemplated by the previously announced Agreement and Plan of Merger, dated as of July 17, 2024 (the “Merger Agreement”), by and among Chuy’s Holdings, Inc., a Delaware corporation, (“Chuy’s”), Darden and Cheetah Merger Sub Inc., a Delaware corporation and an indirect, wholly-owned subsidiary of Darden (“Merger Sub”).

Supporting evidence: The aggregate consideration paid by Darden to acquire the Chuy’s Common Stock was approximately $660 million (including amounts payable to the holders of the Chuy’s RSUs, as described above), which was financed with a portion of the proceeds from Darden’s previously disclosed $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, which were issued on October 3, 2024.

On October 3, 2024, the Company issued and sold $400,000,000 aggregate principal amount of its 4.350% Senior Notes due 2027 (the “2027 Notes”) and $350,000,000 aggregate principal amount of its 4.550% Senior Notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”), pursuant to the provisions of the Underwriting Agreement. The Notes were issued under the Company’s Indenture, dated as of January 1, 1996, between the Company and Computershare Trust Company, National Association (as successor to Wells Fargo Bank, National Association, successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as trustee (the “Base Trustee”), as amended and supplemented by the Second Supplemental Indenture, dated as of October 4, 2023, among the Company, the Base Trustee and U.S. Bank Trust Company, National Association, as a successor trustee with respect to the Notes (the “Trustee”).

Issuer evidence: On September 30, 2024, Darden Restaurants, Inc. (the “Company”) entered into an Underwriting Agreement, dated September 30, 2024 (the “Underwriting Agreement”), among the Company and BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters the Notes (as defined below).

Supporting evidence: The 2027 Notes will mature on October 15, 2027 and the 2029 Notes will mature on October 15, 2029. Interest on the Notes will be paid semi-annually in arrears on April 15 and October 15 of each year, commencing on April 15, 2025, to holders of record on the preceding March 31 or September 30, as the case may be.

Supporting evidence: On October 3, 2024, the Company issued and sold $400,000,000 aggregate principal amount of its 4.350% Senior Notes due 2027 (the “2027 Notes”) and $350,000,000 aggregate principal amount of its 4.550% Senior Notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”), pursuant to the provisions of the Underwriting Agreement. The Notes were issued under the Company’s Indenture, dated as of January 1, 1996, between the Company and Computershare Trust Company, National Association (as successor to Wells Fargo Bank, National Association, successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as trustee (the “Base Trustee”), as amended and supplemented by the Second Supplemental Indenture, dated as of October 4, 2023, among the Company, the Base Trustee and U.S. Bank Trust Company, National Association, as a successor trustee with respect to the Notes (the “Trustee”).

Supporting evidence: On October 3, 2024, the Company issued and sold $400,000,000 aggregate principal amount of its 4.350% Senior Notes due 2027 (the “2027 Notes”) and $350,000,000 aggregate principal amount of its 4.550% Senior Notes due 2029 (the “2029 Notes” and, together with the 2027 Notes, the “Notes”), pursuant to the provisions of the Underwriting Agreement. The Notes were issued under the Company’s Indenture, dated as of January 1, 1996, between the Company and Computershare Trust Company, National Association (as successor to Wells Fargo Bank, National Association, successor to Wells Fargo Bank Minnesota, National Association, formerly known as Norwest Bank Minnesota, National Association), as trustee (the “Base Trustee”), as amended and supplemented by the Second Supplemental Indenture, dated as of October 4, 2023, among the Company, the Base Trustee and U.S. Bank Trust Company, National Association, as a successor trustee with respect to the Notes (the “Trustee”).