03:54 AM EDT, 09/04/2024 (MT Newswires) -- Restaurant Brands International (QSR) said late Tuesday it has priced an offering of $500 million in 5.625% first lien senior secured notes due 2029.

The offering is expected to take place on or about Sept. 13, subject to customary closing conditions.

The company expects to use net proceeds from the offering, along with cash on hand, to redeem $500 million in outstanding 5.750% first lien senior secured notes due 2025.

Price: 68.35, Change: -0.09, Percent Change: -0.13