Restaurant Brands International Announces Launch of $1B First Lien Senior Secured Notes Offering To Refinance Term Loan
Portfolio Pulse from Benzinga Newsdesk
Restaurant Brands International Inc. (RBI) has announced the launch of a $1 billion First Lien Senior Secured Notes offering to refinance its existing term loan B facility. The notes are due in 2029.
June 06, 2024 | 11:28 am
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Restaurant Brands International Inc. (RBI) has launched a $1 billion First Lien Senior Secured Notes offering to refinance its existing term loan B facility. The notes are due in 2029.
The refinancing of the term loan B facility with the new notes offering is likely to improve RBI's financial stability and reduce interest expenses, which is positive for the company's stock price in the short term.
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