An anonymous director reports

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

Restaurant Brands International Inc., 1011778 B.C. Unlimited Liability Company (the issuer) and New Red Finance Inc. (the co-issuer and, together with the issuer, the issuers) have launched an offering of $500-million in aggregate principal amount of first lien senior secured notes due 2029.

Restaurant Brands expects to use the proceeds from the offering of the notes, together with cash on hand, to redeem in full the issuers' outstanding 5.750 per cent first lien senior secured notes due 2025 and pay related fees and expenses. The issuers expect to redeem $500-million in aggregate principal amount of 2025 notes. This press release does not constitute a notice of redemption with respect to the 2025 notes.

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

About Restaurant Brands International Inc.

RBI is one of the world's largest quick-service-restaurant companies with over $40-billion in annual system-wide 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.

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