RBI issues $1.2B 6.125% senior notes due 2029, reprises term loan B to SOFR+1.75%

Restaurant Brands International Limited Partnership

$1.2B of 6.125% first lien senior secured notes due 2029, upsized from previously announced $1B.
Term loan B repriced from SOFR+2.25% to SOFR+1.75%; downsized from $5.912B to $4.75B.
Transactions expected to be net leverage neutral and result in annualized net interest savings.
Closing on or about June 17, 2024; net proceeds to refinance portion of existing term loan B.

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