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.