BURGER KING France, the parent of French fast food chain Financiere Quick, is raising €555 million in notes and a €60 million revolving credit facility to fully refinance Quick's existing debt. The new capital structure will extend debt maturities and reset financial covenants, giving BURGER KING France additional room to execute its restaurant conversion program and growth strategy. We are assigning our 'B-' rating to BURGER KING France and our 'B-' issue rating to the notes. We also are revising our outlook on Quick to stable from negative and affirming our 'B-' rating. The stable outlook reflects our expectation that over the next 12 months, BURGER KING France's adjusted debt-to-EBITDA will remain high and that the group will maintain adequate
