Business
Restaurant Brands International Inc. Announces Pricing of Secondary Offering of Common Shares
Restaurant Brands International Inc. ("RBI" or the "Company") (TSX: OSR) (NYSE: QSR) announced today that an underwritten registered public offering (the "offering") of up to 17,626,570 common shares commenced by HL1 17 LP ("the Selling Shareholder"), an affiliate of 3G Capital Partners Ltd. ("3G Capital"), had priced. These common shares relate to the exchange notice received by Restaurant Brands International Limited Partnership ("RBI LP") from the Selling Shareholder, to exchange 17,626,570 C
About this update from Restaurant Brands International Lp
[{"type":"text","content":"MIAMI, Nov. 13, 2025 /CNW/ - Restaurant Brands International Inc. ("RBI" or the "Company") (TSX: OSR) (NYSE: QSR) announced today that an underwritten registered public offering (the "offering") of up to 17,626,570 common shares commenced by HL1 17 LP ("the Selling Shareholder"), an affiliate of 3G Capital Partners Ltd. ("3G Capital"), had priced. These common shares relate to the exchange notice received by Restaurant Brands International Limited Partnership ("RBI LP") from the Selling Shareholder, to exchange 17,626,570 Class B exchangeable limited partnership units of RBI LP (the "Exchangeable Units"). RBI LP intends to satisfy this notice with the delivery of an equal number of common shares of RBI (the "Exchange").","length":809,"tagName":"p"},{"type":"image","alt":"RBI logo (CNW Group/Restaurant Brands International Inc.)","displaySize":"","headline":null,"caption":"RBI logo (CNW Group/Restaurant Brands International Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":157,"url":"https://media.zenfs.com/en/prnewswire.com/f6f91e96a6ff13eddf2f78bb5e015883"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/t4eSmZXg1WP5WwufoUOgJQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f6f91e96a6ff13eddf2f78bb5e015883","width":400,"height":157}},"href":"https://mma.prnewswire.com/media/2823034/Restaurant_Brands_International_Inc__Restaurant_Brands_Internati.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In connection with the offering, the Selling Shareholder entered into a forward sale agreement with BofA Securities (the "forward counterparty") with respect to up to 17,626,570 common shares. In connection with the forward sale agreement, the forward counterparty or its affiliates are expected to borrow and sell through the underwriter 9,785,784 common shares in the offering, and in addition to sell through the underwriter up to 7,840,786 common shares in the offering to the extent certain current investors that have indicated an interest in purchasing such shares complete such purchase. The Selling Shareholder is expected to physically settle the forward sale agreement by delivering to the forward counterparty the number of ...