TORONTO, Sept. 16, 2020 /CNW/ – Restaurant Manufacturers Worldwide Inc. (“RBI”) (TSX: QSR) (NYSE: QSR) (TSX: QSP), 1011778 B.C. Limitless Obligation Company (the “Issuer”) and Contemporary Red Finance, Inc. (the “Co-Issuer” and, along with the Issuer, the “Issuers”) introduced this day that the Issuers indulge in launched an providing of $1,000 million in combination critical amount of Second Lien Senior Secured Notes due 2030 (the “Notes”).
RBI expects to exercise the proceeds from the providing of the Notes, along with money on hand, to redeem a portion of the outstanding combination critical amount of the Issuers’ 5.00% Second Lien Senior Secured Notes due 2025 (the “2025 Second Lien Notes”), plus any accumulated and unpaid passion thereon, and pay associated top price, costs and bills. The Issuers question to redeem $1.0 billion in combination critical amount of 2025 Second Lien Notes. This press liberate doesn’t constitute a stare of redemption.
The Notes will likely be 2d lien senior secured tasks of the Issuers, assured on a senior secured foundation by every of RBI’s subsidiaries that guarantee the Issuers’ tasks under the Issuers’ unique senior secured credit score products and services.
The Notes will likely be marketed (i) to persons reasonably believed to be licensed institutional traders pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and (ii) out of doors the U.S. pursuant to Rules S under the Securities Act. The Notes and the associated ensures indulge in no longer been and regularly are no longer registered under the Securities Act and regularly are no longer supplied or supplied within the U.S. absent registration or an relevant exemption from the registration requirements under the Securities Act and relevant instruct securities criminal pointers.
This press liberate shall no longer constitute an offer to promote or the solicitation of an offer to bewitch any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale may well well perchance be unlawful before registration or qualification under the securities criminal pointers of this form of jurisdiction.
About Restaurant Manufacturers Worldwide
Restaurant Manufacturers Worldwide Inc. is without doubt one of the sphere’s supreme snappy provider restaurant companies with roughly $32 billion in annual system-broad gross sales and over 27,000 restaurants in extra than 100 international locations and U.S. territories. RBI owns three of the sphere’s most prominent and iconic snappy provider restaurant producers – TIM HORTONS®, BURGER KING®, and POPEYES®. These independently operated producers indulge in been serving their respective visitors, franchisees and communities for over 45 years.
Forward-Taking a scrutinize Statements
This press liberate contains forward-having a scrutinize statements, which may well well be gradually diagnosed by the phrases “may well well furthermore,” “may well well perchance,” “believes,” “thinks,” “anticipates,” “plans,” “expects,” “intends,” or identical expressions and replicate management’s expectations in terms of future events and running performance and focus on handiest as of the date hereof. These forward-having a scrutinize statements encompass statements about RBI’s and the Issuers’ expectations and beliefs in terms of the issuance of the Notes and the exercise of proceeds therefrom. The factors that may well well motive exact results to fluctuate materially from RBI’s expectations are detailed in filings of RBI with the U.S. Securities and Substitute Commission and on SEDAR in Canada, similar to its annual and quarterly reports and contemporary reports on Maintain 8-Okay, and encompass the next: dangers associated to RBI’s substantial indebtedness, dangers associated to harmful financial and industry stipulations and dangers associated to unforeseen events, similar to harmful climate stipulations, natural disasters, terrorist assaults or threats, pandemics, including coronavirus (COVID-19), or other catastrophic events, all of which may well well perchance adversely affect its monetary condition and forestall it from wonderful its tasks. RBI undertakes no obligation to update forward-having a scrutinize statements to replicate events or circumstances after the date hereof.
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SOURCE Restaurant Manufacturers Worldwide Inc.