Restaurant Brands International Inc.
RBI Announces Exchange Notice and Commencement of Common Share Offering
Summary
On August 12, 2024, Restaurant Brands International Inc. (RBI) announced the receipt of an exchange notice from HL1 17 LP, an affiliate of 3G Capital Partners Ltd., for the exchange of 6,528,013 Class B exchangeable limited partnership units for an equal number of RBI common shares. RBI also disclosed the commencement of an underwritten registered public offering of up to 6,528,013 common shares by the Selling Shareholder, with BofA Securities acting as the sole book-running manager. The Offering is expected to close on August 14, 2024, and the settlement of the forward sale agreement is expected to occur on or before August 30, 2024. RBI will not sell any common shares in the Offering and will not receive any proceeds from the sale of the shares.
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About Restaurant Brands International Inc.
Restaurant Brands International Inc. is a Canadian multinational fast-food holding company that owns, operates, and franchises quick-service restaurants, including renowned brands such as Burger King, Tim Hortons, and Popeyes Louisiana Kitchen. The primary function of the company is to serve customers globally through a diverse array of menu offerings catering to local tastes and preferences. Known for its robust franchise model, Restaurant Brands International empowers local entrepreneurs, thereby fostering a wide-reaching and adaptable presence across various regions. The conglomerate impacts several sectors, notably the food and beverage industry, by setting trends in fast food innovations, digital ordering, and sustainability practices. Restaurant Brands International plays a crucial role in the global fast-food market by leveraging its powerful brand portfolio to drive customer engagement and expand market share. With a focus on operational excellence, strategic acquisitions, and enhancing consumer experiences, Restaurant Brands International continues to solidify its position as a leader in the fast-casual dining segment.
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