secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0001618756-21-000065
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
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; extends revolver and increases term loan A to $1.25B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875621000065/0001618756-21-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875621000065/qsr-20211213.htm
  HTML page:      https://secwatch.observer/filing/0001618756-21-000065

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