Bloomin' Brands signs a billion-dollar debt deal

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Bloomin’ Brands Inc. has up to $1.5 billion in credit available, after signing a deal with a group of lenders led by Wells Fargo Bank. Bloomin’ disclosed the debt deal in a Dec. 5 filing with the U.S. Securities and Exchange Commission. The same filing also disclosed the six-figure severance payment that Christopher Brandt, chief brand officer, will get after he leaves the company at the end of the year. The new debt agreement was signed shortly after an activist investor, Jana Partners LLC,...

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