Outback Steakhouse parent OSI pays $73 million to relieve debt burden

OSI Restaurant Partners Inc. got some much-needed breathing room from its debt burden by buying back some of its high-interest junk bonds at about 33 cents on the dollar. In a tender offer managed by Miller Buckfire & Co., OSI, the Tampa parent of Outback Steakhouse, Bonefish Grill and Carrabba's Italian Grill, paid $73 million to retire $240 million in high-interest, unsecured debt due in 2010.

Outback Steakhouse parent OSI pays $73 million to relieve debt burden 03/23/09 [Last modified: Monday, March 23, 2009 6:34pm]

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