Market Pulse Archives

Oct. 20, 2020, 8:53 a.m. EDT

Burger King parent Restaurant Brands offers $500 million of 9-year bonds

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Restaurant Brands International Inc. (QSR)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Ciara Linnane

Restaurant Brands International Inc. /zigman2/quotes/202094900/composite QSR -1.68% said Tuesday it has launched an offering of $500 million of nine-year bonds. Proceeds will be combined with cash on hand to redeem part of the outstanding principal amount of the parent of Burger King's 4.25% first lien senior secured notes due 2024. Shares rose 2.3% premarket, but are down 12% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.25% has gained 6%.

/zigman2/quotes/202094900/composite
US : U.S.: NYSE
$ 59.08
-1.01 -1.68%
Volume: 379,195
Nov. 25, 2020 12:32p
P/E Ratio
32.03
Dividend Yield
3.52%
Market Cap
$18.23 billion
Rev. per Employee
$889,365
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,626.26
-9.15 -0.25%
Volume: 1.11B
Nov. 25, 2020 12:32p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.