Restaurant Brands International Inc. Completes Acquisition of Firehouse Subs

Restaurant Brands International Inc. has completed its previously announced acquisition of Firehouse Restaurant Group Inc. for $1.0 billion. With the close of the acquisition, RBI adds a strong, loved and purpose-driven restaurant brand to its existing family of quick service restaurant brands, Tim Hortons, Burger King and Popeyes. 

Firehouse Subs is a restaurant chain with a passion for hearty and flavorful food, heartfelt service and public safety. Founded in Jacksonville, Florida, in 1994 by firefighter brothers Chris Sorensen and Robin Sorensen, Firehouse Subs is a brand built on decades of fire and police service, hot and hearty subs piled high with high quality meats and cheeses and its commitment to saving lives through the non-profit Firehouse Subs Public Safety Foundation. The brand is a family of franchise operators who share their same passion for generously serving food and community. Firehouse Subs received an honorable mention in the 2021 MURTEC Breakthrough Awards. 

In addition, on December 13, 2021, subsidiaries of RBI entered into an amendment to their existing Credit Agreement, extending the maturity date of RBI's senior secured revolving credit facility from October 7, 2024 to December 13, 2026 and increasing the existing term loan A facility with $717 million outstanding to a $1.25 billion term loan A facility with the same maturity as the Revolving Credit Facility.