secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001618756-24-000098
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBI prices $1.2B 6.125% notes due 2029, reprices term loan to SOFR+1.75%
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- Issued $1.2B in 6.125% senior secured notes due 2029, upsized from $1B launch.
- Net proceeds used to refinance portion of existing term loan B facility, pay fees, and general corporate purposes.
- Term loan B facility repriced from SOFR+2.25% to SOFR+1.75%, downsized from $5.912B to $4.75B.
- Transactions expected to be net leverage neutral and generate annualized net interest savings.
- Closing expected June 17, 2024, subject to customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000098/0001618756-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000098/qsr-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001618756-24-000098

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