Restaurant Brands International (TSE:QSR) has released an update.
Restaurant Brands International Inc. has finalized its acquisition of Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for a total enterprise value of around $1 billion. The strategic move is part of RBI’s ‘Reclaim the Flame’ growth plan, which includes a $500M investment to revamp over 600 Carrols restaurants. The acquisition was funded through an increase in RBI’s term loan B facility to $5.9 billion and cash on hand.
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