secwatch.observer — SEC 8-K summary
======================================

Issuer:     Restaurant Brands International Limited Partnership (RSTRF)
CIK:        0001618755
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0001618755-21-000065
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618755/000161875521000065/0001618755-21-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618755/000161875521000065/qsr-20211213.htm
  HTML page:      https://secwatch.observer/filing/0001618755-21-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer