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Darden Restaurants buys back 3.79%, 4.52% notes totaling $290 million
By Marisa Wong
Madison, Wis., Aug. 1 – Darden Restaurants, Inc. repurchased on July 31 $80 million and $210 million aggregate principal amount of its 3.79% senior notes due 2019 and 4.52% senior notes due 2024, respectively, according to an 8-K filing with the Securities and Exchange Commission.
Darden repurchased the notes in connection with its previously announced $1 billion debt retirement following the sale of its Red Lobster business.
Darden is an Orlando, Fla.-based casual dining operator.
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