Restaurant Brands International Announces Renewal Of Normal Course Issuer Bid That Allows RBI To Purchase Up To $500M Of Its Common Shares Through September 30, 2025

Author: Benzinga Newsdesk | September 12, 2024 08:40am

Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) announced today that it has filed, and the Toronto Stock Exchange (the "TSX") has accepted, notice of RBI's intention to renew its normal course issuer bid (the "NCIB") for its common shares. The NCIB is being conducted in furtherance of RBI's board-approved share repurchase authorization that allows RBI to purchase up to U.S.$500 million of its common shares through September 30, 2025 (the "Repurchase Authorization").  While share repurchases remain part of our capital allocation philosophy, we are currently prioritizing our 2024 net leverage target.

Posted In: QSR TSX:QSR