RBI subsidiary issues $500M 5.625% senior secured notes due 2029 to redeem 2025 notes

Restaurant Brands International Inc.

$500M aggregate principal of 5.625% First Lien Senior Secured Notes due 2029 priced on September 3, 2024.
Proceeds plus cash on hand will redeem all $500M of outstanding 5.750% First Lien Senior Secured Notes due 2025.
Closing expected on or about September 13, 2024; transaction neutral to net leverage.
New lower coupon (5.625% vs 5.750%) is described as accretive to interest expense.

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