Brinker International to use new note offering proceeds to fund buybacks

• Brinker International (NYSE:EAT) announces that it has agreed to issue and sell a $350M senior note issue due in 2024 at 100% of the principal amount.
• The company says proceeds from the offering  will be used for buybacks of up  to $300M and to repay up to $50M of debt under its revolving credit facility.
• The note offering is expected to close on on September 23.