secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001618756-24-000144
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000144/0001618756-24-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000144/qsr-20240903.htm
  HTML page:      https://secwatch.observer/filing/0001618756-24-000144

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