The Firm represented J.P. Morgan Securities LLC, as representative of the initial purchasers, in connection with the offering by Brinker International, Inc. (“Brinker”) of $350 million aggregate principal amount of 8.25% Senior Notes due 2030. Brinker intends to use the net proceeds of the notes offering to repay a portion of its outstanding indebtedness under its revolving credit facility.
Brinker owns, develops, operates and franchises the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands, as well as certain virtual brands including It’s Just Wings and Maggiano’s Italian Classics, consisting of 1,657 restaurants located in the United States, 28 other countries and two U.S. territories.
The Simpson Thacher team included Art Robinson, John O’Connell, Ben Pittenger and Ziang Zhou (Capital Markets); Michael Mann (Tax); Jamin Koslowe and Ryan Kenny (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Dennis Loiacono (Real Estate); Kate Mirino (Intellectual Property); and Jennie Getsin (Blue Sky). Summer Associates Madison Benoit and Kelsey Strott also provided valuable assistance.