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AI brief of an SEC Form 8-K · Darden Restaurants (DRI)

Darden Restaurants signs $1.5 billion revolving credit facility maturing 2031

Neutral Impact 3 of 5 financing

Darden Restaurants entered into a $1.5 billion amended and restated revolving credit agreement with Bank of America, N.A. as administrative agent, which replaces its prior $1.25 billion credit agreement. The company reported that no amounts were outstanding under the prior facility when it was terminated.

Key points

  • $1.5 billion senior unsecured revolving credit agreement dated October 22, 2026, maturing October 22, 2031
  • Replaces prior $1.25 billion credit agreement dated October 23, 2023, which had no amounts outstanding
  • Includes a $150 million letter of credit sublimit and a maximum consolidated net debt to total capitalization ratio of 3.50 to 1.00
  • Interest pricing depends in part on prevailing rates and the company's credit ratings

The filing

CompanyDarden Restaurants (DRI)
Form8-K, current report
Filed with the SECOct 23, 2026, 4:55 PM ET
Accession number0000940944-26-000060

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.