Bloomin' Brands Announces Strategic Re-franchise Of Brazil Operations: Inks Pact With Vinci Partners To Sell 67% Of Brazil Operations For R$1.4B Brazilian Reais (Approximately $243M)

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Bloomin' Brands, Inc.

BLMN

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6.98

-2.58%

+2.50% Pre

This reflects a total enterprise value of R$2.06 billion Brazilian Reais or 6.5x trailing twelve months EBITDA, net of royalties. This strategic re-franchise includes an on-going royalty stream. The purchase price will be paid in two installments: 52% on the closing date and 48% on the first anniversary of the closing date. We have an option to sell our remaining stake in 2028.

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