Restaurant Brands International’s $1.3 Billion Notes Offering

Cahill represented J.P. Morgan, Wells Fargo Securities, Morgan Stanley, RBC Capital Markets, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers and the co-managers in connection with the Rule 144A offering of $1,300,000,000 aggregate principal amount of 5.00% Second Lien Senior Secured Notes due 2025 by 1011778 B.C. Unlimited Liability Company and New Red Finance, Inc.

The issuer is an indirect subsidiary of Restaurant Brands International Inc.

Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with more than $27 billion in system-wide sales and over 23,000 restaurants in more than 100 countries and U.S. territories. RBI owns three of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, and POPEYES®. These independently operated brands have been serving their respective guests, franchisees and communities for over 40 years.

Proceeds from the offering will be used to refinance existing indebtedness and for general corporate purposes.

Cahill advised with a team including Timothy B. Howell (Picture), Corey Wright, Daniel J. Zubkoff, Sebastian Chan, Tyler A. O’Reilly, Kaitlyn M. Pasco and Daniel Stemp.

 

Involved fees earner: Timothy Howell – Cahill Gordon & Reindel; Corey Wright – Cahill Gordon & Reindel; Daniel Zubkoff – Cahill Gordon & Reindel; Sebastian Chan – Cahill Gordon & Reindel; Tyler O’Reilly – Cahill Gordon & Reindel; Kaitlyn Pasco – Cahill Gordon & Reindel; Daniel Stemp – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: JP Morgan; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; RBC Capital Markets; Wells Fargo;

 

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Author: Ambrogio Visconti