Burger King parent Restaurant Brands offers $500 million of 9-year bonds

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Restaurant Brands International Inc. said Tuesday it has launched an offering of $500 million of nine-year bonds. Proceeds will be combined with cash on hand to redeem part of the outstanding principal amount of the parent of Burger King’s 4.25% first lien senior secured notes due 2024. Shares rose 2.3% premarket, but are down 12% in the year to date, while the S&P 500 has gained 6%.
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