An anonymous director reports

RESTAURANT BRANDS INTERNATIONAL INC. ANNOUNCES LAUNCH OF FIRST LIEN SENIOR SECURED NOTES OFFERING

Restaurant Brands International Inc. (RBI), 1011778 B.C. Unlimited Liability Company and New Red Finance Inc. (the issuers) have launched an offering of $1-billion in aggregate principal amount of first-lien senior secured notes due 2029.

RBI expects to use the net proceeds from the offering of the notes to refinance a portion of the issuers' existing term loan B facility and pay related fees and expenses, with the remainder, if any, to be used for general corporate purposes.

The notes will be first-lien senior secured obligations of the issuers, guaranteed fully and unconditionally, and jointly and severally, on a senior secured basis by Restaurant Brands International Limited Partnership (Holdings) and each of Holdings' wholly owned subsidiaries that also guarantee the issuers' obligations under the issuers' existing senior secured credit facilities.

The notes will be offered (i) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended; and (ii) outside the United States pursuant to Regulation S under the securities act.

About Restaurant Brands International Inc.

Restaurant Brands International is one of the world's largest quick-service restaurant companies with over $40-billion in annual systemwide sales and over 30,000 restaurants in more than 120 countries and territories. RBI owns four of the world's most prominent and iconic quick-service restaurant brands -- Tim Hortons, Burger King, Popeyes and Firehouse Subs. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities.

We seek Safe Harbor.