Bloomin' Brands Subsidiary OSI Restaurant Partners Enters $300 Million Interest Rate Swap Agreements to Manage Debt Exposure
OSI Restaurant Partners, LLC, a subsidiary of Bloomin' Brands Inc., has entered into eight interest rate swap agreements totaling $300 million. The transactions are intended to manage exposure to variable interest rates, converting outstanding indebtedness from a SOFR-based rate to a fixed rate of either 3.37% or 3.18%, depending on the tenor. The swaps have effective dates starting December 31, 2025, and March 31, 2026, with termination dates on December 31, 2026, and December 31, 2027, respectively.
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