Darden Restaurant Bond Spreads Drop On Red Lobster Sale Agreement |
| May 17, 2014 | May 2014 Bond Updates |
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Bonds backing Darden Restaurants traded sharply tighter this morning after the company announced the sale of its struggling Red Lobster business to Golden Gate Capital for $2.1 billion. The move may spare the company a fall from investment-grade borrowing status, analysts said today. |
| View more at: http://www.forbes.com/sites/spleverage/2014/05/16/darden-restaurant-bond-spreads-drop-on-red-lobster-sale-agreement/ |
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