secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0001618756-23-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875623000051/0001618756-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875623000051/qsr-20230921.htm
  HTML page:      https://secwatch.observer/filing/0001618756-23-000051

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