Investor Alert

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

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

Restaurant Brands International Inc. (NYS:QSR) 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 (S&P:SPX) has gained 6%.

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