{"schema_version":"secwatch.filing_event.v1","accession":"0001618756-24-000092","form_type":"8-K","ticker":"QSR","cik":"0001618756","company_name":"Restaurant Brands International Inc.","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.276127+00:00","generated_at":"2026-06-01T21:14:47.299858+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RBI completes $1.0B acquisition of Carrols Restaurant Group, largest BK franchisee","bullets":["Completed all-cash acquisition of Carrols for $9.55/share, ~$1.0B enterprise value.","Adds over 600 Burger King restaurants; RBI to invest $500M in reimaging.","Increased term loan B facility by $750M to $5.9B under same terms to fund deal.","Carrols shares to cease trading; plan to refranchise majority over 7 years."],"urls":{"canonical":"https://secwatch.observer/filing/0001618756-24-000092","json":"https://secwatch.observer/filing/0001618756-24-000092.json","markdown":"https://secwatch.observer/filing/0001618756-24-000092.md","text":"https://secwatch.observer/filing/0001618756-24-000092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1618756/000161875624000092/0001618756-24-000092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1618756/000161875624000092/qsr-20240516.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T21:14:47.299858+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f511800f81a103bfb140dc38b94d2d7da0ca3ca8","claim":"Restaurant Brands International Inc. incurred term loan of $5,162 million outstanding to a $5,912 million term loan B facility with the Lenders.","evidence_excerpt":"The 2024 Amendment increases the existing term loan B facility with $5,162 million outstanding to a $5,912 million term loan B facility (the “Term Loan B Facility”) on the same terms as the existing term loan B facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1618756/000161875624000092/0001618756-24-000092-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$5,162 million outstanding to a $5,912 million term loan B facility"},{"label":"Counterparty","value":"the Lenders"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"dbde733e0624462fca71f0923b816e7ff27d92e8","claim":"Restaurant Brands International Inc. amended 2024 Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $750 million increase (effective 2024-05-16).","evidence_excerpt":"9 (the “2024 Amendment”) to the Credit Agreement, dated as of October 27, 2014, as previously amended (as amended, the “Credit Agreement”), by and among the Borrowers, Holdings, the guarantors party thereto, the lenders party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1618756/000161875624000092/0001618756-24-000092-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"$750 million increase"},{"label":"Effective","value":"2024-05-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}