Every material Form 8-K Bloomin' Brands, Inc. has filed with the SEC since August 05, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Out West, an independent Bloomin' Brands franchisee operating 61 Outback Steakhouse restaurants in the western United States, filed for Chapter 11 bankruptcy on November 2, 2026. Bloomin' Brands agreed on November 1, 2026 to act as stalking horse bidder for substantially all of Out West's assets, subject to Bankruptcy Court approval and competing offers. The company said the Chapter 11 filing has no immediate impact on guests, employees or daily operations, but the filing states there is no assurance the asset purchase will close or that the outcome will not hurt its reputation, results, cash flows or financial condition.
Out West filed Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware on November 2, 2026, and will operate as debtor in possession.
Stalking horse Asset Purchase Agreement dated November 1, 2026 sets a price of $26.3 million, less amounts owed under the DIP Facility, with adjustments tied to $6.1 million of specified vendor liabilities.
Bloomin' Brands agreed to provide up to $5.5 million of interest-free debtor-in-possession financing, with $1.5 million available after interim court approval.
The outside closing date for the asset purchase is January 31, 2027; the 2023 Resolution Agreement with Out West and its lenders is subject to the automatic stay in the Chapter 11 case.
Bloomin' Brands and its subsidiary OSI Restaurant Partners entered a Fourth Amended and Restated Credit Agreement dated September 25, 2026, with Wells Fargo as administrative agent. The filing says the revolving commitments and pricing remained substantially unchanged, and the company describes the deal as leverage neutral. It adds a senior secured leverage covenant while keeping the existing total leverage covenant.
Maturity extended from the prior agreement to September 25, 2031.
Revolving credit commitments remain substantially unchanged from the $1.2 billion facility described in the press release.
New covenant requires Consolidated Senior Secured Net Leverage Ratio not to exceed 3.50 to 1.00.
Existing Total Net Leverage Ratio covenant of 4.50 to 1.00 continues.
Bloomin' Brands reported second-quarter 2026 diluted EPS of $0.37, up from $0.29 a year earlier, and total revenues of $1,015.8 million, up 1.3%. The company raised its full-year 2026 diluted EPS guidance to $0.85 to $0.95 from $0.70 to $0.85, and it guided to a diluted loss of $0.28 to $0.23 per share for the third quarter.
Q2 2026 total revenues were $1,015.8 million, up 1.3% from $1,002.4 million in Q2 2025.
Full-year 2026 diluted EPS guidance was raised to $0.85 to $0.95 from $0.70 to $0.85; adjusted diluted EPS guidance rose to $0.90 to $1.00 from $0.75 to $0.90.
Q3 2026 diluted EPS is guided to a loss of $0.28 to $0.23 per share.
Combined U.S. comparable restaurant sales rose 2.3% in the quarter, and Bonefish Grill comparable sales rose 8.1%.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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