Bloomin' Brands Enters Interest Rate Swaps

TL;DR

Bloomin' Brands is hedging interest rate risk with new swaps.

AI Summary

Bloomin' Brands, Inc. filed an 8-K on October 6, 2025, reporting on interest rate swaps entered into on October 1, 2025. The filing details the terms and conditions of these financial instruments, which are used to manage interest rate risk.

Why It Matters

This filing indicates Bloomin' Brands is actively managing its financial exposure to interest rate fluctuations, which could impact its borrowing costs and profitability.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of financial risk management activities and does not indicate any immediate operational or financial distress.

Key Players & Entities

• Bloomin' Brands, Inc. (company) — Registrant
• October 1, 2025 (date) — Date of earliest event reported
• October 6, 2025 (date) — Date of report
• 2202 North West Shore Boulevard, Suite 500, Tampa, FL 33607 (address) — Principal executive offices

FAQ

Key Financial Figures

• $300 million — ns have an aggregate notional amount of $300 million and include 12 and 21-month tenors with

Filing Documents

• blmn-20251001.htm (8-K) — 38KB
• blmn-20251001_g1.jpg (GRAPHIC) — 37KB
• 0001546417-25-000137.txt ( ) — 267KB
• blmn-20251001.xsd (EX-101.SCH) — 2KB
• blmn-20251001_lab.xml (EX-101.LAB) — 25KB
• blmn-20251001_pre.xml (EX-101.PRE) — 15KB
• blmn-20251001_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On October 1, 2025, OSI Restaurant Partners, LLC ("OSI"), a subsidiary of Bloomin' Brands, Inc. (the "Company"), entered into eight interest rate swap agreements with eight counterparties (the "Swap Transactions") to manage its exposure to fluctuations in variable interest rates. The Swap Transactions have an aggregate notional amount of $300 million and include 12 and 21-month tenors with the following terms: AGGREGATE NOTIONAL AMOUNT WEIGHTED AVERAGE FIXED INTEREST RATE (1) EFFECTIVE DATE TERMINATION DATE $ 100,000,000 3.37% December 31, 2025 December 31, 2026 $ 200,000,000 3.18% March 31, 2026 December 31, 2027 ____________________ (1) The weighted averaged fixed interest rate excludes the term SOFR adjustment and interest rate spread described below. Upon the effective date, as a result of the Swap Transactions, the Company effectively converted $300 million of its outstanding indebtedness from the Secured Overnight Financing Rate ("SOFR"), plus a term SOFR adjustment of 0.10% and a spread of 150 to 250 basis points to the weighted average fixed interest rate within the table above, plus a term SOFR adjustment of 0.10% and a spread of 150 to 250 basis points. The Swap Transactions have an embedded floor of minus 0.10%.

Forward-Looking Statements

Forward-Looking Statements Certain statements contained herein are not based on historical fact and are "forward-looking statements" within the meaning of applicable securities laws. Generally, these statements can be identified by the use of words such as "guidance," "believes," "estimates," "anticipates," "expects," "on track," "feels," "forecasts," "seeks," "projects," "intends," "plans," "may," "will," "should," "could," "would" and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the Company's forward-looking statements. These risks and uncertainties include, but are not limited to: our ability to execute and achieve the expected benefits of our turnaround plans; consumer reaction to public health and food safety issues; increases in labor costs and fluctuations in the availability of employees and our ability to attract, train, and retain key personnel; increases in unemployment rates and taxes; competition; interruption or breach of our systems or loss of consumer or employee information; price and availability of commodities and other impacts of inflation and tariffs; our dependence on a limited number of suppliers and distributors; political, social and legal conditions in international markets and their effects on foreign operations and foreign currency exchange rates; the impacts of our operations in Brazil as a minority investor and franchisor following our sale transaction on our results; our ability to address corporate citizenship and sustainability matters and investor expectations; local, regional, national and international economic conditions; changes in patterns of consumer traffic, consumer tastes and dietary habits; the effects of cha

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLOOMIN' BRANDS, INC. (Registrant) Date: October 6, 2025 By: /s/ Eric Christel Eric Christel Executive Vice President and Chief Financial Officer (Principal Financial Officer)