Darden Restaurants, Inc.

DRI: 8-K · debt financing

Darden Restaurants entered into a $1.5 billion amended and restated revolving credit agreement on October 22, 2026, with Bank of America as administrative agent, maturing October 22, 2031. The new facility replaces Darden's prior $1.25 billion credit agreement from October 2023, which was terminated with no amounts outstanding. It includes a $150 million letter of credit sublimit and an option to increase commitments by up to $500 million. Borrowings are priced off Term SOFR plus a ratings-based spread of 0.795% to 1.300%, and proceeds may fund working capital, capex, refinancing, and permitted acquisitions. The covenant package includes a maximum consolidated net leverage ratio of 3.50:1.00, stepping to 4.00:1.00 temporarily after acquisitions of $500 million or more.

SEC 8-K•3d ago

FCPT Announces Extensions for 100% of Olive Garden and LongHorn Leases Maturing in 2027

Four Corners Property Trust announced a Master Agreement with Darden Restaurants extending all 66 Olive Garden and LongHorn leases previously expiring in October 2027 by approximately five years. Rent continues to increase 1.5% annually under the existing lease terms, and FCPT stated the deal included no landlord rent concessions or capital contributions; six leases expiring in October 2028 were also extended early. For Darden, this is a routine, low-drama real-estate renewal that secures its restaurant sites on largely unchanged terms rather than a strategic or financial event.

•12d ago

DRI: 8-K · proxy statement

Darden Restaurants held its Annual Meeting of Shareholders online on September 23, 2026, and filed certified vote results on September 24, 2026. Shareholders elected all 9 director nominees, approved the advisory say-on-pay resolution with roughly 83.7 million votes for versus 8.3 million against, and ratified KPMG LLP as independent auditor for fiscal year ending May 30, 2027. A shareholder proposal requesting a policy for review of low director support was rejected with approximately 88.9 million votes against, indicating broad shareholder support for the board's existing governance.

SEC 8-K•1mo ago

Darden Restaurants to Release Fiscal 2027 First Quarter Results on September 24, 2026

Darden Restaurants announced it will release fiscal 2027 first quarter results before the market opens on September 24, 2026. The company will host a conference call led by CEO Rick Cardenas and CFO Raj Vennam at 8:30 a.m. ET on the same day. Supplementary materials will be available on the investor relations website prior to the call.

•1mo ago

DRI: DEF 14A · proxy statement

Darden Restaurants filed its 2026 proxy statement ahead of the September 23, 2026 annual meeting, with holders of record at the July 29, 2026 close (113,541,756 shares) entitled to vote. The agenda includes election of nine directors, a non-binding say-on-pay vote, ratification of KPMG LLP as auditor for the fiscal year ending May 30, 2027, and a board-opposed shareholder proposal asking the Board to review and disclose its response whenever a director receives less than 80% support in an uncontested election. The proxy recaps record fiscal 2026 results: $13.2 billion in total sales for the first time in company history, diluted EPS of $10.44, $1.2 billion of net earnings from continuing operations, 4.5% same-restaurant sales growth, and $1.4 billion returned to shareholders via dividends and buybacks. Say-on-pay drew approximately 96.12% support at the 2025 meeting, and with no contested items this is a routine governance event; the vote outcome on the shareholder proposal is the main item for governance watchers to track.

SEC DEF 14A•2mo ago

Darden Restaurants to Release Fiscal 2026 Fourth Quarter and Full Year Results on June 25, 2026

Darden Restaurants announced it will release fiscal 2026 fourth quarter and full year results before market open on June 25, 2026. CEO Rick Cardenas and CFO Raj Vennam will host a conference call at 8:30 a.m. ET on that date to review the results. This release contains no financial data or guidance, serving only as a scheduling notice for the upcoming earnings report.

•4mo ago