NEW YORK – Bracewell LLP represented the underwriters, led by BofA Securities, Truist Securities, US Bancorp and Wells Fargo Securities, in connection with Darden Restaurants, Inc.’s recent public offering of $400,000,000 of 4.350% Senior Notes due 2027 and $350,000,000 of 4.550% Senior Notes due 2029.
The proceeds of the notes offering were used primarily to fund Darden’s acquisition of Chuy’s Holdings, Inc., a Tex-Mex restaurant chain founded in Austin, Texas, which closed on October 11, 2024. Chuy’s joins Darden’s portfolio of differentiated brands which also includes Olive Garden, LongHorn Steakhouse, Yard House, Ruth’s Chris Steak House, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V’s and Bahama Breeze.
The offering closed October 3, 2024.
Bracewell lawyers involved in this transaction included:
Partners: Catherine Hood, Troy L. Harder, Elizabeth L. McGinley and Matthew B. Grunert
Senior Counsel: Ian R. Brown
Associates: Stephen C. McNamara, Shannon Baldwin and Benjamin S. Cantor