Restaurant Brands Sets $500M Secured Notes Offering
Company Announcements

Restaurant Brands Sets $500M Secured Notes Offering

Story Highlights

Restaurant Brands International (TSE:QSR) has released an update.

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.

For further insights into TSE:QSR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskRestaurant Brands International Reports Steady Growth for Q3 2024
Shrilekha PetheQSR Earnings: Restaurant Brands’ Q3 Results Fall Short of Estimates
TheFlyMorning Movers: GlobalFoundries and Apollo Global gain following Q3 results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App