Bloomin' Brands Agrees to Buy Substantially All Out West Assets for $26.3 Million, Subject to Adjustments
Bitget2026/11/02 13:34- Bloomin' Brands agreed on November 1, 2026, to buy substantially all Out West assets for $26.3 million, subject to adjustments.
- The deal includes certain assumed liabilities; Out West operates 61 Outback Steakhouse restaurants in the western United States.
- The price falls by outstanding DIP financing, rising dollar-for-dollar if specified assumed vendor liabilities total less than $6.1 million.
- The buyer also committed up to $5.5 million in interest-free debtor-in-possession financing to support Out West's operations during Chapter 11.
- The stalking-horse bid faces competing offers and requires bankruptcy court approval, with an outside closing date of January 31, 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jensen Huang's influence surpasses that of Nvidia— and that's exactly the problem
Jensen Huang has been the key driving force behind the massive expansion of AI infrastructure, with his personal credibility and authoritative decision-making deeply embedded in the narrative of the global tech market’s rise over the past three years. Now, as scandals emerge, Nvidia’s trading team is expected to become more conservative and slow down external financing commitments, which undoubtedly worsens the situation for neoclouds already facing tight funding.
Deutsche Bank made significant Q3 purchases of midstream AI application stocks: the three major cloud giants saw increased holdings, with Palantir (PLTR.US) and Salesforce (CRM.US) also favored.
Deutsche Bank has submitted its third quarter 13F holdings report for the period ending September 30, 2026.
Crypto prices
More
