secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001618756-24-000150
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Restaurant Brands issues $500M 5.625% notes due 2029 to redeem $500M 5.75% notes due 2025
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- Issued $500M first lien senior secured notes at 5.625%, maturing Sept 15, 2029.
- Proceeds plus cash on hand to redeem all outstanding $500M 5.750% notes due 2025.
- Notes are first lien senior secured, jointly guaranteed by parent and restricted subsidiaries.
- Optional redemption: make-whole before Sept 2026, then at specified prices; up to 40% with equity proceeds.
- Change of control triggers 101% repurchase offer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000150/0001618756-24-000150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000150/qsr-20240913.htm
  HTML page:      https://secwatch.observer/filing/0001618756-24-000150

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer