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Oct. 14, 2020, 8:29 a.m. EDT

Burger King parent to offer $1 billion in senior debt

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By Tonya Garcia

Restaurant Brands International Inc. /zigman2/quotes/202094900/composite QSR +1.61% said Wednesday that it would offer $1 billion in 4.00% second lien senior secured notes due 2030. The company will use the proceeds along with cash on hand to refinance debt. This latest senior debt will be in addition to $1.4 billion issued as of Oct. 5 and due in 2030. Restaurant Brands has $12.3 billion in long-term debt, according to its latest 10Q filing. Restaurant Brands' lineup includes Burger King, Popeyes Louisiana Kitchen and Tim Horton's. Restaurant Brands stock is down 7.4% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.11% is up 8.7% for the period.

/zigman2/quotes/202094900/composite
US : U.S.: NYSE
$ 60.10
+0.95 +1.61%
Volume: 421,573
Nov. 24, 2020 10:42a
P/E Ratio
32.53
Dividend Yield
3.47%
Market Cap
$17.97 billion
Rev. per Employee
$889,365
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/zigman2/quotes/210599714/realtime
US : S&P US
3,617.13
+39.54 +1.11%
Volume: 899.17M
Nov. 24, 2020 10:42a
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