M&A
confidence high
sentiment neutral
materiality 0.70
RBI completes $1.0B acquisition of Firehouse Subs; extends revolver and increases term loan A to $1.25B
Restaurant Brands International Inc.
- Acquisition of Firehouse Restaurant Group completed for $1.0 billion, adding Firehouse Subs brand.
- Existing $717M term loan A facility increased to $1.25B; maturity extended to Dec 13, 2026.
- Revolving credit facility maturity extended from October 2024 to December 2026; interest rate now based on term SOFR.
- Proceeds from term loan increase used along with cash to fund acquisition; security and guarantees unchanged.