Restaurant Brands launches $4.16 billion term B at SOFR plus 250 bps

By Sara Rosenberg

New York, Sept. 6 – Restaurant Brands International Inc. was scheduled to hold a lender call at 2 p.m. ET on Wednesday to launch a $4,162,750,000 term loan B due September 2030 that is talked at SOFR plus 250 basis points with a 0% floor and an original issue discount of 98.5 to 99, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on Sept. 13, the source added.

Proceeds will be used with $1 billion of other secured debt to refinance an existing $5,162,750,000 term loan B due 2026.

Restaurant Brands is a Toronto-based quick service restaurant company.

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