Restaurant Brand Stock Price, News & Analysis

Burger King is launching a new reusable packaging system to reduce environmental impact through a partnership with TerraCycle’s Loop. This initiative is part of the Restaurant Brands for Good framework and will pilot in select locations in New York City, Portland, and Tokyo starting in 2021. Customers can return used packaging for a deposit refund, promoting sustainability and hygiene. The brand aims to source 100% of guest packaging from renewable or recycled materials by 2025, while continuing efforts to recycle in all U.S. and Canadian restaurants.

Restaurant Brands International (QSR) has announced the pricing of a $750 million offering of 3.500% First Lien Senior Secured Notes due February 15, 2029. This represents a $250 million increase from the initial offering size. The company plans to use the proceeds to redeem $725 million of its existing 4.25% First Lien Senior Secured Notes due 2024, along with related expenses. The offering is expected to close around November 9, 2020. The notes will be secured obligations guaranteed by RBI's subsidiaries.

Restaurant Brands International Inc. (QSR) has launched a $500 million offering of First Lien Senior Secured Notes due 2029. The funds will be used to redeem $485 million of outstanding 4.25% First Lien Senior Secured Notes due 2024. The Notes will be secured obligations guaranteed by RBI's subsidiaries. The offering will target qualified institutional buyers and will not be registered under the Securities Act. RBI, one of the largest quick-service restaurant companies globally, operates brands like Tim Hortons, Burger King, and Popeyes, boasting around $32 billion in annual system-wide sales.

Restaurant Brands International will release its Q3 2020 financial results on October 27, 2020, at 8:30 a.m. Eastern Time. An investor conference call will follow, available via webcast and through dial-in numbers for U.S., Canadian, and international callers. The company, with approximately $32 billion in annual sales and 27,000 restaurants across over 100 countries, owns brands like TIM HORTONS, BURGER KING, and POPEYES.

On October 14, 2020, Restaurant Brands International (QSR) priced an offering of $1,500 million in 4.000% Second Lien Senior Secured Notes due 2030, increasing the total offering size by $500 million. The closing is expected around November 2, 2020. Proceeds will be used to redeem all of the Issuers' 5.00% Second Lien Senior Secured Notes due 2025 and cover related expenses. This offering will enhance the company's capital structure, although the Notes are subject to certain regulatory restrictions.

Restaurant Brands International Inc. (QSR) has launched an offering of $1,000 million in 4.00% Second Lien Senior Secured Notes due 2030. This offering supplements a prior issuance of $1,400 million of the same notes. Proceeds will be used to redeem $1,000 million of outstanding 5.00% Second Lien Secured Senior Notes due 2025. The new notes will be offered to qualified institutional buyers and will be secured by the company's subsidiaries. RBI generates approximately $32 billion in annual sales across 27,000 restaurants worldwide.

Restaurant Brands International Inc. (QSR) released preliminary third quarter 2020 financial results, showing a 5.4% decline in consolidated system-wide sales. Comparable sales for Tim Hortons in Canada decreased 13.7%, while 3.2% drop was noted for Burger King in the U.S. However, Popeyes recorded impressive growth, with a 19.7% increase in U.S. sales. RBI's expected revenue is between $1,320 million and $1,340 million, with adjusted EBITDA projected between $555 million and $565 million. Despite challenges, 96% of global restaurants remained operational at the end of September.

The Board of Directors of Restaurant Brands International (QSR) announced the appointment of Jason Melbourne as an independent director. Currently a Managing Director at Canaccord Genuity, Melbourne brings extensive capital market experience from previous roles at Genuity Capital Markets and CIBC World Markets. His addition is expected to enhance strategic decision-making, benefiting brands like Tim Hortons, Burger King, and Popeyes. The company reported approximately $32 billion in annual system-wide sales across over 27,000 restaurants globally.

Restaurant Brands International Inc. (QSR) announced the pricing of a $1,400 million offering of 4.000% Second Lien Senior Secured Notes due 2030, which is a $400 million increase from previous plans. The offering's closing is expected around October 5, 2020. Funds will be used to redeem $1.35 billion of 5.00% Second Lien Senior Secured Notes due 2025. These Notes will be secured by RBI's subsidiaries and were offered to qualified institutional buyers under Rule 144A and Regulation S.