New Issue-Darden Restaurants sells $450 mln in notes

Mon Oct 1, 2012 4:49pm EDT

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
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