Restaurant Brands issues $1.2B 6.125% notes due 2029, reprices Term Loan B to SOFR+1.75%

Restaurant Brands International Inc.

Issued $1.2B aggregate principal of 6.125% First Lien Senior Secured Notes due June 15, 2029.
Net proceeds used to refinance portion of existing Term Loan B, reduce outstanding from $5.912B to $4.75B.
Amendment No. 10 reprices Term Loan B from SOFR+2.25% to SOFR+1.75%, unchanged maturity.
Notes guaranteed on first-lien senior secured basis by Partnership and restricted subsidiaries.
Issuers may redeem up to 40% of notes with equity proceeds before June 15, 2026 at 106.125%.

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