---
schema_version: "secwatch.filing_event.v1"
accession: "0001618756-23-000051"
form_type: "8-K"
ticker: "QSR"
cik: "0001618756"
company_name: "Restaurant Brands International Inc."
filed_at: "2023-09-21T23:59:59+00:00"
generated_at: "2026-06-10T10:44:03.489618+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# RBI amends credit agreement: revolver +$250M, term loans extended, rates adjusted

## Summary
- Revolving facility increased to $1.25B (from $1.0B) and maturity extended to Sept 2028.
- Term Loan A raised to $1.275B, maturity extended to Sept 2028; spread unchanged.
- Term Loan B raised to $5.175B, interest rate set at SOFR+225bps, maturity extended to Sept 2030.
- Removed 10bp adjustment to term SOFR across facilities; certain covenants relaxed.
- Existing hedging arrangements (through Oct 2028) remain in place; floating-rate exposure unchanged.

## SEC filing metadata
- accession: 0001618756-23-000051
- form_type: 8-K
- ticker: QSR
- cik: 0001618756
- company_name: Restaurant Brands International Inc.
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000051/0001618756-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000051/qsr-20230921.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618756-23-000051
- JSON: https://secwatch.observer/filing/0001618756-23-000051.json
- Plain text: https://secwatch.observer/filing/0001618756-23-000051.txt

## Key facts
- Debt Financings
  Restaurant Brands International Inc. amended term loan of increases the existing $1,234 million term loan A facility to a $1,275 million term loan A facility with JPMorgan Chase Bank, N.A. at leverage-based spread to adjusted SOFR (unchanged) maturing extends the maturity date from December 7, 2026 to September 21, 2028.
  - Instrument: term loan
  - Principal: increases the existing $1,234 million term loan A facility to a $1,275 million term loan A facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: leverage-based spread to adjusted SOFR (unchanged)
  - Maturity: extends the maturity date from December 7, 2026 to September 21, 2028
  - Event: amendment
  source text: 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 , (2) increases the existing $ 1,234 million term loan A facility to a $1,275 million term loan A facility (the "Term Loan A Facility") and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR, (3) 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000051/0001618756-23-000051-index.htm
- Debt Financings
  Restaurant Brands International Inc. amended credit facility of increases the availability under the senior secured revolving credit facility from $1,000 million to $1,250 million with JPMorgan Chase Bank, N.A. at leverage-based spread to adjusted SOFR (unchanged) maturing extends the maturity date from December 7, 2026 to September 21, 2028.
  - Instrument: credit facility
  - Principal: increases the availability under the senior secured revolving credit facility from $1,000 million to $1,250 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: leverage-based spread to adjusted SOFR (unchanged)
  - Maturity: extends the maturity date from December 7, 2026 to September 21, 2028
  - Event: amendment
  source text: 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 , (2) increases the existing $ 1,234 million term loan A facility to a $1,275 million term loan A facility (the "Term Loan A Facility") and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR, (3) 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000051/0001618756-23-000051-index.htm
- Debt Financings
  Restaurant Brands International Inc. amended term loan of increases the $5,163 million term loan B facility to a $5,175 million term loan B facility with JPMorgan Chase Bank, N.A. at SOFR plus 225 basis points maturing extends the maturity date from November 19, 2026 to September 21, 2030.
  - Instrument: term loan
  - Principal: increases the $5,163 million term loan B facility to a $5,175 million term loan B facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: SOFR plus 225 basis points
  - Maturity: extends the maturity date from November 19, 2026 to September 21, 2030
  - Event: amendment
  source text: 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 , (2) increases the existing $ 1,234 million term loan A facility to a $1,275 million term loan A facility (the "Term Loan A Facility") and extends the maturity date from December 7, 2026 to September 21, 2028 without changing the leverage-based spread to adjusted SOFR, (3) 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000051/0001618756-23-000051-index.htm
- Material Agreements
  Restaurant Brands International Inc. amended Amendment No. 7 with lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-09-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent
  - Effective: 2023-09-21
  source text: On September 21, 2023, 1011778 B.C. Unlimited Liability Company, an unlimited liability company organized under the laws of British Columbia (the “Parent Borrower”), and New Red Finance, Inc., a Delaware corporation and a direct wholly 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. Unlimited Liability Company, as holdings, the guarantors party thereto, the lenders party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000051/0001618756-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.