Outback Steakhouse Owner Seeks $300 Million in Initial Offering
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Bloomin’ Brands Inc., owner of the Outback Steakhouse restaurant chain, is seeking to raise $300 million in an initial public offering to help pay down debt.
Bank of America Corp., Morgan Stanley and JPMorgan Chase & Co. will manage the offering, Bloomin’ Brands said in a filing yesterday. The Tampa, Florida-based company, owned by Bain Capital LLC and Catterton Management Co., will trade under the ticker BLM.