Restaurant Brands International Inc.  and 1011778 B.C. Unlimited Liability Company and New Red Finance, Inc. announced today the repricing of their First Lien Term Loan Facility resulting in an interest rate reduction to LIBOR + 2.75% with a 1.00% LIBOR floor in connection with the previously announced refinancing of the First Lien Term Loan Facility.  The facility has a maturity date of December 12, 2021.

On May 14, 2015, the Issuers priced their previously announced offering of $1,250 million in aggregate principal amount of 4.625% First Lien Senior Secured Notes (the "Notes"). The Notes were priced at 100.00% of their face value and will have a maturity date of January 15, 2022. The Notes will be first lien senior secured obligations and will rank pari passu in right of payment with all of the Issuers' existing and future senior indebtedness, including the First Lien Term Loan Facility. The Notes will be guaranteed on a senior secured basis by certain of their existing and future direct and indirect wholly owned restricted subsidiaries organized in the U.S. and Canada. The net proceeds from the offering of the Notes, together with cash on hand, are expected to be used to repay approximately $1,550 million of the amount outstanding under the First Lien Term Loan Facility.

The refinancing of the First Lien Term Loan Facility and the sale of the Notes is expected to be completed on or about May 22, 2015, subject to customary closing conditions.

Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $23 billion in system-wide sales and over 19,000 restaurants in approximately 100 countries and U.S. territories. RBI owns two of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS® and BURGER KING®. These independently operated brands have been serving their respective guests, franchisees and communities for over 50 years.