Bloomin' Brands extends $1.2 billion revolving credit facility to September 2031
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 29, 2026.
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.