RBI subsidiary issues $1.2B 6.125% senior secured notes due 2029; reprices Term Loan B

Restaurant Brands International Limited Partnership

Issued $1,200M aggregate principal of 6.125% First Lien Senior Secured Notes due June 15, 2029.
Net proceeds used to refinance a portion of the Term Loan B Facility, reducing outstanding from $5,912M to $4,750M.
Amendment No. 10 reprices Term Loan B from SOFR+2.25% to SOFR+1.75% per annum.
Notes are first-lien senior secured, guaranteed by Restaurant Brands International Limited Partnership and restricted subsidiaries.
Interest payable semi-annually on June 15 and December 15, starting December 15, 2024.

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