Bloomin’ Brands (BLMN) has shared an update.
OSI Restaurant Partners, LLC, under Bloomin’ Brands, Inc., has engaged in interest rate swap agreements worth $175 million to mitigate the impact of variable rate fluctuations. Set for a two-year period, these swaps aim to convert variable rates based on the Secured Overnight Financing Rate to a fixed rate, while incorporating a specific adjustment and spread. Additionally, the disclosure includes caution regarding forward-looking statements, emphasizing that such predictions are subject to various risks and uncertainties that could significantly affect actual outcomes.
See more data about BLMN stock on TipRanks’ Stock Analysis page.
