Restaurant Brands announces renewal of normal course issuer bid

Restaurant Brands (QSR) announced that it has filed, and the Toronto Stock Exchange has accepted, notice of RBI’s intention to renew its normal course issuer bid for its common shares. The NCIB is being conducted in furtherance of RBI’s board-approved share repurchase authorization that allows RBI to purchase up to $1B of its common shares through September 30, 2027. The Repurchase Authorization replaces RBI’s prior two-year authorization to repurchase up to the same $1B of its common shares until September 30, 2025. “While this authorization preserves our capital allocation flexibility, we remain committed to prioritizing debt reduction in the near term.”