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Reported Earlier, Restaurant Brands International Prices $500M 5.625% First Lien Senior Secured Notes Due 2029 To Redeem 2025 Debt

Author: Benzinga Newsdesk | September 04, 2024 03:35am

RBI expects to use the proceeds from the offering of the Notes, together with cash on hand, to redeem in full the Issuers' outstanding 5.750% First Lien Senior Secured Notes due 2025 (the "2025 Notes") and pay related fees and expenses. The Issuers expect to redeem $500 million in aggregate principal amount of 2025 Notes. This press release does not constitute a notice of redemption with respect to the 2025 Notes. The combined effect of the offering of the Notes and the redemption of the 2025 Notes will be neutral to net leverage and accretive to interest expense.

Posted In: QSR


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