Restaurant Brands International (TSE:QSR) has released an update.
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Restaurant Brands International Inc. has priced a $500 million offering of 5.625% senior secured notes due in 2029, which are set to fund the redemption of their 2025 notes of the same value. The transaction, expected to close on September 13, 2024, is designed to maintain the company’s net leverage while improving interest expenses. The offering targets qualified institutional buyers and international investors, excluding the U.S. public market.
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