Restaurant Brands International Inc. Unlimited Liability Company and New Red Finance Inc. announced that the Issuers priced an offering of $800 million in aggregate principal amount of 3.875% First Lien Senior Secured Notes due 2028. The Notes will be issued as additional notes under the Indenture, dated as of September 24, 2019, pursuant to which the Issuers previously issued $750 million in aggregate principal amount of 3.875% First Lien Senior Secured Notes due 2028. The Notes will have a maturity date of January 15, 2028. The closing of the offering of the Notes is expected to occur on or about July 6, 2021, subject to customary closing conditions. The Notes were priced at 100.250% of their face value. RBI expects to use the net proceeds from the offering of the Notes to redeem all of the Issuers' outstanding aggregate principal amount of 4.250% First Lien Senior Secured Notes due 2024, plus any accrued and unpaid interest thereon, and pay related premium, fees and expenses. The Issuers expect to redeem $775 million in aggregate principal amount of 2024 Notes. The Notes will be first lien senior secured obligations of the Issuers, guaranteed on a senior secured basis by each of RBI's subsidiaries that guarantee the Issuers' obligations under the Issuers' existing senior secured credit facilities. The Notes were offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and outside the U.S. pursuant to Regulation S under the Securities Act. The Notes and the related guarantees have not been and will not be registered under the Securities Act and may not be offered or sold in the U.S. absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws.