Restaurant Brands plans new debt for Firehouse Restaurant purchase

By Sara Rosenberg

New York, Nov. 15 – Restaurant Brands International Inc. plans on using new debt and cash on hand to fund its acquisition of Firehouse Restaurant Group Inc. for $1 billion, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Closing is expected in the coming months, subject to customary conditions and regulatory approvals.

BofA Securities Inc. and J.P. Morgan Securities LLC acted as financial advisers to Restaurant Brands.

Restaurant Brands is a Toronto-based quick service restaurant company. Firehouse is a Jacksonville, Fla.-based restaurant chain.

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