Darden Restaurants Completes Acquisition of Chuy's Holdings, Inc.

Core Insights - Darden Restaurants, Inc. has completed the acquisition of Chuy's Holdings, Inc. for an enterprise value of approximately $605 million, with the transaction approved by a majority of Chuy's stockholders on October 10, 2024 [1] - The acquisition was financed through a $400 million offering of 4.350% senior notes due 2027 and a $350 million offering of 4.550% senior notes due 2029, issued on October 3, 2024 [2] - Chuy's, founded in 1982, operates over 100 restaurants across 15 states, offering a unique Tex-Mex dining experience [4] Company Portfolio - With the addition of Chuy's, Darden's portfolio now includes brands such as Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's, and Bahama Breeze [3][5] - Chuy's is known for its made-from-scratch Tex-Mex dishes served in a distinctive and eclectic atmosphere, emphasizing a unique dining experience at each location [4]