Bloomin' Brands Agrees to Buy Substantially All Out West Assets for $26.3 Million, Subject to Adjustments

• Bloomin' Brands agreed on November 1, 2026, to buy substantially all Out West assets for $26.3 million, subject to adjustments.
• The deal includes certain assumed liabilities; Out West operates 61 Outback Steakhouse restaurants in the western United States.
• The price falls by outstanding DIP financing, rising dollar-for-dollar if specified assumed vendor liabilities total less than $6.1 million.
• The buyer also committed up to $5.5 million in interest-free debtor-in-possession financing to support Out West's operations during Chapter 11.
• The stalking-horse bid faces competing offers and requires bankruptcy court approval, with an outside closing date of January 31, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bloomin' Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001546417-26-000039), on November 02, 2026, and is solely responsible for the information contained therein.