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Darden Restaurants Inc.'s pending acquisition of Rare Hospitality International Inc.(FINANCIAL BRIEF)

Nation's Restaurant News Daily NewsFax

| September 25, 2007 | COPYRIGHT 2003 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission. (Hide copyright information)Copyright

ORLANDO, Fla. -- DARDEN RESTAURANTS INC.'s pending acquisition of RARE HOSPITALITY INTERNATIONAL INC. took another step toward its expected October closing as the casual-dining operator secured two new credit agreements totaling $1.9 billion to help finance the deal, Darden said Monday in filings with securities regulators. Darden's purchase of Rare Hospitality, the Atlanta-based owner and operator of the LongHorn Steakhouse and The Capital Grille chains, was first announced in August and is valued at about $1.4 billion, including …

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