The Firm represented the underwriters, led by J.P. Morgan Securities LLC and BofA Securities, Inc., in connection with a registered offering by Brinker International, Inc. (“Brinker”) of 8,050,000 shares of Brinker’s common stock (including 1,050,000 shares issued pursuant to the exercise of the underwriters’ option) for gross proceeds of approximately $147 million. Brinker intends to use the net proceeds of the offering primarily for general corporate purposes.
Brinker principally engages in the ownership, operation, development and franchising of the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands, consisting of 1,675 restaurants located in the United States, 29 countries and two United States territories.
The Simpson Thacher team included Art Robinson, Jon Ozner, Tony Rim, Della Fok and Chirag Desai (Capital Markets); Nancy Mehlman and Sergio Torres (Tax); Jamin Koslowe and Joo Hyun Lee (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Dennis Loiacono (Real Estate); Lori Lesser (Intellectual Property); and Jennie Getsin (Blue Sky).