06:43 AM EDT, 06/07/2024 (MT Newswires) -- Restaurant Brands International (QSR.TO, QSR), 1011778 B.C. Unlimited Liability, and New Red Finance overnight Thursday priced an offering of $1.20 billion in 6.125% first lien senior secured notes due 2029.

The companies increased by $200 million the size of the offering, which is expected to close by June 17.

Restaurant Brands International expects to use the proceeds to refinance a portion of a term loan B facility due in September 2030, pay related fees and expenses, and for general corporate purposes.

Additionally, Restaurant Brands International repriced and reduced the size of its term loan B facility to $4.75 billion from $5.91 billion.

The company's shares were little changed in Canada yesterday and down 0.1% in premarket US trading on Friday.