TORONTO, April 2, 2020 /PRNewswire/ - Restaurant Brands
International Inc. ("RBI") (TSX/NYSE: QSR, TSX: QSP), 1011778 B.C. Unlimited Liability Company (the
"Issuer") and New Red Finance, Inc. (the "Co-Issuer" and, together
with the Issuer, the "Issuers") announced today that the Issuers
have launched an offering of $500
million in aggregate principal amount of First Lien Senior
Secured Notes due 2025 (the "Notes"). The net proceeds from the
offering of the Notes are expected to be used for general corporate
purposes.
The Notes will be first lien senior secured obligations of the
Issuers guaranteed on a senior secured basis by each of the
subsidiaries that guarantee the Issuers' obligations under the
Issuers' existing senior secured credit facilities.
The Notes will be marketed (i) to persons reasonably believed to
be qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), and (ii)
outside the U.S. pursuant to Regulation S under the Securities Act.
The Notes and the related guarantees have not been and will not be
registered under the Securities Act and may not be offered or sold
in the U.S. absent registration or an applicable exemption from the
registration requirements under the Securities Act and applicable
state securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
About Restaurant Brands International
Restaurant Brands International Inc. is one of the world's
largest quick service restaurant companies with more than
$34 billion in system-wide sales and
over 27,000 restaurants in more than 100 countries and U.S.
territories. RBI owns three of the world's most prominent and
iconic quick service restaurant brands – TIM HORTONS®, BURGER
KING®, and POPEYES®. These independently
operated brands have been serving their respective guests,
franchisees and communities for over 45 years.
Forward-Looking Statements
This press release includes forward-looking statements, which
are often identified by the words "may," "might," "believes,"
"thinks," "anticipates," "plans," "expects," "intends" or similar
expressions and reflect management's expectations regarding future
events and operating performance and speak only as of the date
hereof. These forward-looking statements include statements about
RBI's expectations regarding the issuance of the Notes. The factors
that could cause actual results to differ materially from RBI's
expectations are detailed in filings of RBI with the U.S.
Securities and Exchange Commission and on SEDAR in Canada, such as its annual and quarterly
reports and current reports on Form 8-K, and include the following:
risks related to RBI's substantial indebtedness, risks related to
adverse economic and industry conditions and risks related to
unforeseen events, such as adverse weather conditions, natural
disasters, terrorist attacks or threats, pandemics, including
coronavirus (COVID-19), or other catastrophic events, all of which
could adversely affect its financial condition and prevent it from
fulfilling its obligations. RBI undertakes no obligation to update
forward-looking statements to reflect events or circumstances after
the date hereof.
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SOURCE Restaurant Brands International Inc.