Darden Restaurants secures $1.5 billion revolving credit line through 2031
Darden Restaurants told the SEC it signed a $1.5 billion revolving credit agreement maturing in 2031, replacing its prior $1.25 billion facility.
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what happened
Darden Restaurants told the SEC in a filing that on October 22, 2026 it entered into an amended and restated revolving credit agreement worth $1.5 billion.
The new facility matures on October 22, 2031, and its proceeds will fund general corporate needs. It includes a $150 million sublimit for letters of credit.
The company also terminated its prior $1.25 billion credit agreement on the same date.
why it matters
The deal is a routine refinancing of a large credit line rather than a market-moving event. For investors, it means the restaurant operator has a larger liquidity backstop and a longer repayment runway through 2031, which eases near-term refinancing pressure.
tags
instruments
sources
- Darden Restaurants - Enters $1.50 Billion Amended And Restated Revolving Credit Agreement On Oct 22, 2026 — SEC Filing, 23 October 2026 at 22:20 UTC
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