Form 8-K · Current report
Darden Restaurants 8-K, filed Oct 23, 2026
- Filed
- CIK
- 0000940944
- Accession no.
- 0000940944-26-000060
Summary
Darden Restaurants entered into a $1.5 billion amended and restated senior unsecured revolving credit agreement with Bank of America, N.A. as administrative agent, and terminated its prior $1.25 billion credit agreement, under which no amounts were outstanding.
Key points
- The new facility matures October 22, 2031, includes a $150 million letter-of-credit sublimit, and carries a maximum consolidated net debt to total capitalization covenant of 3.50 to 1.00.
- Proceeds may be used for working capital and capital expenditures, refinancing of indebtedness, certain acquisitions, and general corporate purposes.
- Interest and fee pricing is based on prevailing rates and, in part, on Darden's credit ratings.
- The prior $1.25 billion credit agreement, dated October 23, 2023 and amended September 16, 2024, had no amounts outstanding when terminated.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On October 22, 2026, Darden Restaurants, Inc. (the “Company”) entered into a $1,500,000,000 Amended and Restated Revolving Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, and the lenders (the “Lenders”) and other agents party thereto. The Credit Agreement amended and restated the Company’s Prior Credit Agreement (as defined below), described below under Item 1.02. …
An excerpt of the text as filed with the SEC, cut for length.
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