---
schema_version: "secwatch.filing_event.v1"
accession: "0001618755-23-000014"
form_type: "8-K"
ticker: "RSTRF"
cik: "0001618755"
company_name: "Restaurant Brands International Limited Partnership"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:13:49.048598+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# 3G Capital affiliate sells 2.2M QSR shares at $63.99 in secondary offering

## Summary
- Selling shareholder HL1 17 LP (3G affiliate) to sell 2,213,851 common shares at $63.99 each.
- RBI receives no proceeds; aggregate shares and exchangeable units unchanged.
- After settlement, 3G RBH holds ~28.9% of combined voting power in RBI.
- Lock-up on 3G entities for 45 days from offering date without underwriter consent.
- Offering expected to close March 2, 2023; exchange and forward settlement by March 16.

## SEC filing metadata
- accession: 0001618755-23-000014
- form_type: 8-K
- ticker: RSTRF
- cik: 0001618755
- company_name: Restaurant Brands International Limited Partnership
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618755/000161875523000014/0001618755-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618755/000161875523000014/qsr-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618755-23-000014
- JSON: https://secwatch.observer/filing/0001618755-23-000014.json
- Plain text: https://secwatch.observer/filing/0001618755-23-000014.txt

## Key facts
- Material Agreements
  Restaurant Brands International Limited Partnership entered into Underwriting Agreement with BofA Securities, Inc., HL1 17 LP, and BofA Securities, Inc. as forward seller and forward purchaser valued at $63.99 per Common Share (effective 2023-02-27).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc., HL1 17 LP, and BofA Securities, Inc. as forward seller and forward purchaser
  - Value: $63.99 per Common Share
  - Effective: 2023-02-27
  source text: On February 27, 2023, Restaurant Brands International Inc. (“RBI” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. as the underwriter (the “Underwriter”), HL1 17 LP (the “Selling Shareholder”), an affiliate of 3G Capital Partners LP (“3G Capital”), as the selling shareholder, and BofA Securities, Inc. as the forward seller and forward purchaser (in both roles, the “Forward Counterparty”) relating to the sale of 2,213,851 common shares (the “Shares”) of RBI, no par value (the “Common Shares”) to the Underwriter (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618755/000161875523000014/0001618755-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.