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Wells Fargo Agents $1.5B Facility for Bloomin’ Brands

December 6, 2017

Casual fast food operator Bloomin’ Brands completed a senior secured financing of up to $1.5 billion, consisting of a $500 million term loan A and a $1 billion revolving credit facility.

According to a related 8-K filing, Wells Fargo served as administrative agent for the transaction.

The new facility replaces the company’s prior $1.322 billion credit facility among certain of the company’s subsidiaries, the administrative agent and the lenders party. A total of approximately $1.194 billion was outstanding at the time of replacement.

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