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8-K filed September 21, 2023, 7:59 PM ET ticker RSTRF CIK 0001618755
debt confidence high sentiment positive materiality 0.60

Restaurant Brands International Limited Partnership (RSTRF): debt financing — Restaurant Brands amends credit facilities: revolver to $1.25B, maturities extended

Restaurant Brands International Limited Partnership

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Restaurant Brands International Limited Partnership amended term loan of $5,163 million to $5,175 million with JPMorgan Chase Bank, N.A. at SOFR plus 225 basis points maturing November 19, 2026 to September 21, 2030.

Instrument
term loan
Principal
$5,163 million to $5,175 million
Counterparty
JPMorgan Chase Bank, N.A.
Rate
SOFR plus 225 basis points
Maturity
November 19, 2026 to September 21, 2030
Event
amendment
Exact text from the filing
increases the $5,163 million term loan B facility to a $5,175 million term loan B facility (the "Term Loan B Facility"), increases the interest rate on the Term Loan B Facility to SOFR plus 225 basis points, and extends the maturity date from November 19, 2026 to September 21, 2030
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Restaurant Brands International Limited Partnership amended revolving credit of $1,000 million to $1,250 million with JPMorgan Chase Bank, N.A. at leverage-based spread to adjusted SOFR, unchanged maturing December 7, 2026 to September 21, 2028.

Instrument
revolving credit
Principal
$1,000 million to $1,250 million
Counterparty
JPMorgan Chase Bank, N.A.
Rate
leverage-based spread to adjusted SOFR, unchanged
Maturity
December 7, 2026 to September 21, 2028
Event
amendment
Exact text from the filing
The 2023 Amendment (1) increases the availability under the senior secured revolving credit facility (the "Revolving Credit Facility") from $1,000 million to $1,250 million and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Restaurant Brands International Limited Partnership amended Amendment No. 7 with 1013421 B.C. Unlimited Liability Company, as holdings, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-09-21).

Action
amendment
Agreement
credit facility
Counterparty
1013421 B.C. Unlimited Liability Company, as holdings, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent
Effective
2023-09-21
Exact text from the filing
holly owned subsidiary of the Issuer (the “Subsidiary Borrower” and, together with the Parent Borrower, the “Borrowers”), each a subsidiary of Restaurant Brands International Inc., a corporation organized under the laws of Canada (the “Company”), entered into Amendment No. 7 (the “2023 Amendment”) to the Credit Agreement, dated as of October 27, 2014, as previously amended, (as amended, the “Credit Agreement”), by and among Borrowers, 1013421 B.C.
View on SEC.gov

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Restaurant Brands International Limited Partnership filing history →

Source: SEC EDGAR
accession 0001618755-23-000045
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