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New Issue-Darden Restaurants sells $450 mln in notes

Monday, 1 Oct 2012 | 4:49 PM ET

Oct 1 (Reuters) - Darden Restaurants Inc

on Monday sold $450 million of senior notes, said IFR, a Thomson Reuters service.

The size of the deal was increased by the originally planned $450 million in notes.

Bank of America Merrill Lynch, Suntrust and US Bancorp were the joint active bookrunning managers for the sale.

BORROWER: DARDEN RESTAURANTS

AMT $450 MLN COUPON 3.35 PCT MATURITY 11/1/2022 TYPE SR NTS ISS PRICE 98.828 FIRST PAY 5/1/2013 MOODY'S Baa2 YIELD 3.37 PCT SETTLEMENT 10/4/2012 S&P TRIPLE-B SPREAD 175 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 30 BPS

((New Issue by Thomson Reuters; +1-646-223-6886, e-mail: uscorpbonds@reuters.com))

Keywords: DARDENRESTAURANTS NOTES

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