RBI Raises $1.2B of 6.125% Senior Secured Notes due 2029 to Refinance a Portion of its Existing Term Loan B FacilityRBI to Reprice its Existing Term Loan B Facility due September 2030 from SOFR plus.
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TORONTO, June 15, 2021 /PRNewswire/ - Restaurant Brands International Inc. ( RBI ) (TSX: QSR) (NYSE: QSR) (TSX: QSP), 1011778 B.C. Unlimited Liability Company (the Issuer ) and New Red Finance, Inc. (the Co-Issuer and, together with the Issuer, the Issuers ) announced today that the Issuers priced an offering of $800 million in aggregate principal amount of 3.875% First Lien Senior Secured Notes due 2028 (the Notes ). The Notes will be issued as additional notes under the Indenture, dated as of September 24, 2019, pursuant to which the Issuers previously issued $750 million in aggregate principal amount of 3.875% First Lien Senior Secured Notes due 2028. The Notes will have a maturity date of January 15, 2028. The closing of the offering of the Notes is expected to occur on or about July 6, 2021, subject to customary closing conditions.