secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0001618756-24-000104
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000104/0001618756-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000104/qsr-20240617.htm
  HTML page:      https://secwatch.observer/filing/0001618756-24-000104

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