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 5% Senior Notes due 2024. Brinker intends to use the net proceeds of the notes offering to repurchase up to $300 million of its common stock and repay up to $50 million of outstanding indebtedness under its revolving credit facility.
Brinker is one of the world’s leading casual dining restaurant companies. Founded in 1975 and based in Dallas, Texas, as of June 29, 2016, Brinker owned, operated or franchised 1,660 restaurants under the names Chili’s® Grill & Bar (1,609 restaurants) and Maggiano’s Little Italy® (51 restaurants).
The Simpson Thacher team included Art Robinson, Hui Lin and Eva Kang (Capital Markets); John Torrenti (Tax); Jamin Koslowe and Joo Hyun Lee (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Dennis Loiacono (Real Estate); Monica Chan (Intellectual Property); and Jennie Getsin (Blue Sky).