Hunton & Williams Represents Darden Restaurants, Inc. in $500 Million Senior Notes Offering for the Acquisition of Cheddar’s Restaurant Holding Corp.

Hunton & Williams LLP advised Darden Restaurants, Inc. (“Darden”),  in connection with an SEC-Registered offering of $500,000,000 aggregate principal amount of 3.850% senior notes due 2027, the proceeds of which will be used to finance a portion of the costs associated with Darden’s acquisition of Cheddar’s Restaurant Holding Corp. The acquisition is expected to close during Darden’s fiscal fourth quarter and is subject to customary closing conditions.  

Darden is a full-service restaurant company.  As of February 26, 2017, Darden owned and operated 1,545 restaurants through subsidiaries in the United States and Canada under the names Olive Garden, LongHorn Steakhouse, The Capital Grille, Yard House, Seasons 52, Bahama Breeze and Eddie V's.

The Hunton & Williams team included Dee Ann Dorsey, Adam O’Brian and Felicity Lewis. Cary Tolley and Anna Page provided tax advice.