Restaurant Brands raises $94m for a U.S. purchase?

Local businesses
Local businesses

A quick service restaurant franchise has raised $94m in its acquisition of a US-based fast food operator. 

Restaurant Brands New Zealand  has successfully funded $94m for the purchase of Pacific Island Restaurants, the largest fast-food operator in Hawaii with 82 Taco Bell and Pizza Hut stores.

A report by Inside Retail says the brand expects to complete the $US105m purchase of Pacific Island Restaurants by late December.

Auckland-based Restaurant Brands bought the biggest KFC franchisee in New South Wales in March.