Restaurant Brands International Inc. Announces Renewal of Normal Course Issuer Bid

Core Points - Restaurant Brands International Inc. (RBI) intends to renew its normal course issuer bid (NCIB) for common shares, allowing for the repurchase of up to U.S.$1,000 million of shares through September 30, 2027 [1][2] - The new repurchase authorization replaces the previous two-year authorization set to expire on September 30, 2025, and reflects RBI's commitment to capital allocation flexibility while prioritizing debt reduction [1][4] - Under the NCIB, RBI may purchase up to 32,326,078 common shares, representing 10% of its public float as of September 2, 2025, during the period from September 16, 2025, to September 15, 2026 [2][3] Company Overview - RBI is one of the largest quick service restaurant companies globally, with nearly $45 billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries [5] - The company owns four prominent brands: TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®, which have been serving customers for decades [5] - RBI is focused on improving sustainable outcomes related to food, the planet, and communities through its Restaurant Brands for Good framework [5]