Restaurant Brands International’s $1.5 Billion Notes Offering

Cahill represented the initial purchasers in the offering.

The offering consisted of $1,500,000,000 aggregate principal amount of 4.000% second lien senior secured notes due 2030 by 1011778 B.C. Unlimited Liability Company and New Red Finance, Inc., two subsidiaries of Restaurant Brands International Inc. Proceeds from the offering were used to refinance existing indebtedness.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, BofA Securities, Inc., Barclays Capital Inc., RBC Capital Markets, LLC, Goldman Sachs & Co. LLC, Rabo Securities USA, Inc., BMO Capital Markets Corp., MUFG Securities Americas Inc., Fifth Third Securities, Inc., Citigroup Global Markets Inc., Capital One Securities, Inc., Scotia Capital (USA) Inc., BNP Paribas Securities Corp. and Truist Securities, Inc. acted as initial purchasers for the offering.

Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies and owner of the franchise quick service restaurant brands – TIM HORTONS®, BURGER KING®, and POPEYES®.

Cahill represented the initial purchasers with Timothy B. Howell (Picture), Corey Wright, Sebastian Chan, Andrew Schwartz, Emma K. O’Hara, Taylor Jansen, Francesca A. McGuire, and Alexandra L. McIntire.

Involved fees earner: Sebastian Chan – Cahill Gordon & Reindel; Timothy Howell – Cahill Gordon & Reindel; Taylor Jansen – Cahill Gordon & Reindel; Francesca McGuire – Cahill Gordon & Reindel; Alexandra McIntire – Cahill Gordon & Reindel; Emma O’Hara – Cahill Gordon & Reindel; Andrew Schwartz – Cahill Gordon & Reindel; Corey Wright – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Bank of America Securities; Barclays Capital ; BMO Capital Markets; BNP Paribas Securities; Capital One Securities; Citigroup Global Markets Ltd; Fifth Third Securities, Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley; MUFG Securities Americas Inc. ; Rabo Securities; RBC Capital Markets; Scotia Capital Inc.; Truist Securities Inc. ; Wells Fargo Securities;

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Author: Ambrogio Visconti