Brinker (NYSE: EAT) plans early redemption of 8.25% 2030 senior notes
Rhea-AI Filing Summary
Brinker International, Inc. has decided to redeem all of its outstanding 8.250% Senior Notes due July 15, 2030. The company issued a notice of redemption on June 16, 2026, and expects the redemption to occur on July 15, 2026. Holders will receive 104.125% of the principal amount of the notes being redeemed, plus accrued and unpaid interest up to, but not including, the redemption date.
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Insights
Brinker plans early redemption of high-coupon 2030 notes.
Brinker International is calling all outstanding 8.250% Senior Notes originally due on July 15, 2030, with redemption expected on July 15, 2026. The redemption price is 104.125% of principal, plus accrued and unpaid interest to, but not including, the redemption date.
This move replaces a future maturity with an earlier, premium redemption. The filing does not describe the principal amount involved, funding sources, or any follow-on financing plans, so the broader balance sheet impact cannot be assessed from this information alone.
Investors in these notes can focus on the stated redemption mechanics and timing, particularly the 104.125% premium and interest cutoff at the redemption date, as they evaluate cash flows related to these securities.
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Coupon rate: 8.250%
Redemption price: 104.125% of principal
Original maturity date: July 15, 2030
+2 more
5 metrics
Coupon rate
8.250%
Interest rate on Senior Notes due July 15, 2030
Redemption price
104.125% of principal
Premium paid on redemption of notes
Original maturity date
July 15, 2030
Stated maturity of Senior Notes
Expected redemption date
July 15, 2026
Date notes are expected to be redeemed
Notice of redemption date
June 16, 2026
Date notice of redemption was issued
Key Terms
Senior Notes, redemption price, accrued and unpaid interest, Redemption Date
4 terms
Senior Notes financial
"all of its outstanding 8.250% Senior Notes due July 15, 2030"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
redemption price financial
"The Notes are redeemable at a redemption price that is equal to the sum of 104.125%"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
accrued and unpaid interest financial
"plus accrued and unpaid interest thereon to, but not including, the Redemption Date"
Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.
Redemption Date financial
"The redemption is expected to occur on July 15, 2026 (the “Redemption Date”)."
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Brinker International (EAT) announce regarding its 8.250% Senior Notes?
Brinker International announced it will redeem all outstanding 8.250% Senior Notes due July 15, 2030. The redemption is expected on July 15, 2026, following a notice of redemption issued on June 16, 2026, under the disclosed terms.
When will Brinker International’s 8.250% Senior Notes be redeemed?
The 8.250% Senior Notes are expected to be redeemed on July 15, 2026. Interest will accrue and be paid up to, but not including, this redemption date, consistent with the terms described for the planned redemption.
What redemption price will holders of Brinker International’s 8.250% Senior Notes receive?
Holders will receive a redemption price equal to 104.125% of the principal amount of the notes being redeemed. In addition, they will receive accrued and unpaid interest to, but not including, the July 15, 2026 redemption date.
Which Brinker International securities are affected by the announced redemption?
The redemption affects all of Brinker International’s outstanding 8.250% Senior Notes due July 15, 2030. The company issued a notice of redemption specifying that the entire outstanding principal of these particular notes is targeted for redemption.
Does the 8.250% Senior Notes disclosure itself serve as Brinker’s formal redemption notice?
No. The disclosure explicitly states it does not constitute a notice of redemption. It reports that a separate notice of redemption for the 8.250% Senior Notes was issued on June 16, 2026, detailing the redemption terms.
How is interest on Brinker International’s 8.250% Senior Notes treated at redemption?
At redemption, noteholders will receive accrued and unpaid interest on the 8.250% Senior Notes to, but not including, July 15, 2026. This interest payment is in addition to the 104.125% of principal redemption price specified in the terms.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 16, 2026
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||||||||
| (Registrant’s telephone number, including area code) | ||||||||||||||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of exchange on which registered | ||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). | |||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
SECTION 8 - OTHER EVENTS
Item 8.01: Other Events
On June 16, 2026, Brinker International, Inc. issued a notice of redemption for all of its outstanding 8.250% Senior Notes due July 15, 2030 (the “Notes”). The redemption is expected to occur on July 15, 2026 (the “Redemption Date”). The Notes are redeemable at a redemption price that is equal to the sum of 104.125% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. This Form 8-K does not constitute a notice of redemption for the Notes.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BRINKER INTERNATIONAL, INC., a Delaware corporation | |||||||||||
| Dated: June 17, 2026 | By: | /s/ KEVIN D. HOCHMAN | |||||||||
| Kevin D. Hochman, | |||||||||||
| Chief Executive Officer and President | |||||||||||
| and President of Chili’s Grill & Bar & Maggiano’s Little Italy | |||||||||||
| (Principal Executive Officer) | |||||||||||