Hotels, Restaurants and Leisure
Company Overview of OSI Restaurant Partners, LLC
OSI Restaurant Partners, LLC owns and operates casual and upscale casual dining restaurants primarily in the United States. The company operates restaurants under the Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar, and Roy’s concepts. As of December 31, 2011, it owned and operated 1,248 restaurants and had 195 restaurants operating under a franchise or joint venture arrangement in 49 states and 21 countries and territories. OSI Restaurant Partners, LLC was founded in 1987 and is headquartered in Tampa, Florida. OSI Restaurant Partners, LLC operates as a subsidiary of OSI HoldCo, Inc.
2202 North West Shore Boulevard
Tampa, FL 33607
Founded in 1987
Key Executives for OSI Restaurant Partners, LLC
Chairperson of The Board of Directors
Chief Financial Officer and Executive Vice President
Executive Vice President and President of Outback Steakhouse
President of Bonefish Grill LLC
Compensation as of Fiscal Year 2014.
OSI Restaurant Partners, LLC Key Developments
Outback Steakhouse Announces Newest Restaurant Location in Orlando, Florida
Jul 30 14
Outback Steakhouse is debuting its newest restaurant location in Orlando, Florida, at the Orlando Eye, opening its doors at 11 a.m. on August 4, 2014. To show its support of the local community, 50% of the restaurant's opening day sales (up to $5,000.00) will benefit Give Kids The World. The new restaurant will serve lunch daily and will be the first in the Orlando area to feature a new "Modern Australia" design both inside and out. To mark the official grand opening, the Orlando Outback restaurant is inviting local area residents to attend a ribbon cutting ceremony with the International Drive Resort Area Chamber of Commerce at 11 a.m. on August 4. Guests can enjoy good food and fun and meet with a Give Kids The World alumni family. The newest Orlando Outback will feature a "Modern Australia" design with decor that mirrors the indigenous flora and fauna, adventure, geography and leisure of modern day Australia. Guests will also enjoy a spacious, energetic bar area that includes a community table -- a great place to meet up with friends and enjoy specialty beer, wine and hand-crafted cocktails. The new bar will also feature customized seating and furnishings and is connected directly to the outdoor dining patio.
OSI Restaurant Partners, LLC Enters into Amendment to Existing Credit Agreement
May 21 14
On May 16, 2014, OSI Restaurant Partners, LLC a wholly-owned subsidiary of Bloomin Brands Inc., as borrower, Osi Holdco Inc., Osi’s direct parent and a wholly-owned subsidiary of the company, certain subsidiaries of Osi, certain lenders, Deutsche Bank Trust Company Americas, Deutsche Bank AG New York branch and Wells Fargo Bank, National Association, as administrative agent for the lenders entered into an amendment to Osi’s existing credit agreement, dated October 26, 2012, among Osi, as borrower, Osi Holdco, certain lenders and Deutsche Bank Trust Company Americas, as administrative agent for the lenders to effect a refinancing of a majority of Osi’s existing indebtedness. The amended credit agreement provides for senior secured financing of up to $1.125 billion, consisting of a new $300.0 million term loan a, a $225.0 million term loan b (reduced from $925.0 million under the existing credit agreement) and a $600.0 million revolving credit facility (increased from $225.0 million under the existing credit agreement), which includes a $75.0 million letter of credit sub-facility and a $60.0 million swing-line loan sub-facility. At closing, $400.0 million was drawn under the revolving credit facility, and an additional $29.6 million of the revolving credit facility was committed for the issuance of letters of credit and not available for borrowing. The proceeds of the term loan and of the loans made at closing under the revolving credit facility were used to pay down a portion of Osi’s term loan b under the existing credit agreement. The total amount of Osi’s outstanding indebtedness remains unchanged as a result of the refinancing. The term loan and revolving credit facility mature May 16, 2019, and the term loan b matures on October 26, 2019. borrowings under the term loan a and revolving credit facility bear interest at rates ranging from 75 to 125 basis points over the base rate or 175 to 225 basis points over the euro currency rate. The interest rates applicable to borrowings under the term loan b are unchanged from the existing credit agreement at 150 basis points over the base rate or 250 basis points over the euro currency rate. The base rate option is of (i) the prime rate of Wells Fargo Bank, National Association, (ii) the federal funds effective rate plus 0.5 of 1.0% or (iii) the euro currency rate with a one month interest period plus 1.0% (“base rate”). The euro currency rate option is the 30, 60, 90 or 180-day euro currency rate. The euro currency rate may have a 7-day interest period if agreed upon by the applicable lenders. With respect to the term loan b, the base rate is subject to an interest rate floor of 2.0% and the euro currency rate is subject to an interest rate floor of 1.0%.
Outback Steakhouse Unveils New Moonshine BBQ Menu Made with Real Moonshine
May 20 14
Outback Steakhouse(R) is introducing a Moonshine BBQ menu made with real moonshine. The Moonshine BBQ menu includes: Sirloin with Moonshine BBQ Bacon Wrapped Shrimp -- Outback's signature sirloin with Moonshine BBQ Bacon Wrapped Shrimp and choice of one freshly made side. Moonshine BBQ Ribs -- each succulent rack is smoked, wood-fire grilled and brushed with Moonshine BBQ sauce, served with Aussie Fries. Moonshine BBQ Wood-Fire Grilled Wings -- tossed with chef-inspired Moonshine BBQ Sauce and served with ranch dressing.Try all three Moonshine cocktails including the Huckleberry Hooch and Watermelon Hunch Punch, made with Ole Smoky(R) Blackberry Moonshine(TM) and Just Peachee, made with Georgia Moon(R) Peach Moonshine.
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