Tim Hortons begins cash tender offers for three series of senior notes

By Susanna Moon

Chicago, Jan. 26 – Tim Hortons ULC, formerly known as Tim Hortons Inc., said it began cash tender offers for three series of notes.

The company is offering to repurchase any and all of its outstanding

• 4.2% senior notes, series 1, due June 1, 2017;

• 4.52% senior notes, series 2, due Dec. 1, 2023; and

• 2.85% senior notes, series 3, due April 1, 2019.

The tender offers will end at 11:59 p.m. ET on Feb. 23.

The total purchase price will be cash of par plus an early tender premium of C$10 per C$1,000 principal amount of notes tendered by 5 p.m. ET on Feb. 6, the early tender deadline.

Those who tender after the early deadline will receive par.

Holders also will receive accrued interest up to the settlement date.

Georgeson Shareholder Communications Canada Inc. (866 413-9464 or by email at askus@georgeson.com) is the information agent.

Tim Hortons, part of Restaurant Brands International, is a publicly traded restaurant chain based in Oakville, Ont.

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