20:49:55 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Restaurant Brands International Inc
Symbol QSR
Shares Issued 312,392,340
Close 2023-09-12 C$ 90.62
Market Cap C$ 28,308,993,851
Recent Sedar Documents

Restaurant Brands to extend, increase credit facilities

2023-09-12 17:24 ET - News Release

An anonymous director reports

RESTAURANT BRANDS INTERNATIONAL INC. ANNOUNCES INTENTION TO EXTEND TERM LOAN FACILITIES AND AMEND REVOLVING CREDIT FACILITY

Restaurant Brands International Inc., 1011778 B.C. Unlimited Liability Company (borrower) and New Red Finance Inc. (co-borrower) intend to enter into an amendment to their existing senior secured credit facilities, pursuant to which they expect to, among other things: (i) extend the maturity of the existing $1,234-million aggregate principal amount of term loan A credit facility to September, 2028; (ii) extend the maturity of the existing $5,163-million aggregate principal amount of term loan B credit facility to September, 2030, at an expected spread over SOFR (secured overnight financing rate) of 225 basis points; and (iii) amend the existing revolving credit facility to increase the availability from $1-billion to $1.25-billion of revolving extension of credit outstanding at any time and extend the maturity of the facility to September, 2028, and to make other changes in connection therewith. The agreement is expected to close in the coming weeks subject to satisfaction of customary closing conditions.

About Restaurant Brands International Inc.

Restaurant Brands International is one of the world's largest quick-service restaurant companies with over $40-billion in annual systemwide sales and over 30,000 restaurants in more than 100 countries. Restaurant Brands owns four of the world's most prominent and iconic quick-service restaurant brands -- Tim Hortons, Burger King, Popeyes and Firehouse Subs. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for good framework, the company is improving sustainable outcomes related to its food, the planet, and people and communities.

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