RBI completes $1.0B acquisition of Firehouse Subs; amends credit facility

Restaurant Brands International Limited Partnership

Acquired Firehouse Subs for $1.0B, adding it to brand portfolio of Tim Hortons, Burger King, Popeyes.
Term Loan A facility increased from $717M to $1.25B; proceeds used with cash for the acquisition.
Revolving credit facility maturity extended from Oct 2024 to Dec 2026; interest rate changed to term SOFR.
Negative covenants amended for increased flexibility; no other material changes to credit agreement.

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