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

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

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By Ciara Linnane

Restaurant Brands International Inc. /zigman2/quotes/202094900/composite QSR +2.86% 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 +0.88% has gained 6%.

/zigman2/quotes/202094900/composite
US : U.S.: NYSE
$ 60.50
+1.68 +2.86%
Volume: 1.59M
Dec. 4, 2020 7:00p
P/E Ratio
32.82
Dividend Yield
3.44%
Market Cap
$17.87 billion
Rev. per Employee
$889,365
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/zigman2/quotes/210599714/realtime
US : S&P US
3,699.12
+32.40 +0.88%
Volume: 2.59B
Dec. 4, 2020 5:11p
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