---
schema_version: "secwatch.filing_event.v1"
accession: "0001618755-23-000039"
form_type: "8-K"
ticker: "RSTRF"
cik: "0001618755"
company_name: "Restaurant Brands International Limited Partnership"
filed_at: "2023-08-18T23:59:59+00:00"
generated_at: "2026-06-11T06:56:01.564422+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 3G Capital affiliate to sell up to 7.1M QSR shares at $68.75 in secondary offering

## Summary
- HL1 17 LP, an affiliate of 3G Capital, is selling up to 7,136,149 common shares at $68.75 each.
- Offering uses a forward sale agreement with BofA Securities; expected to close August 21, 2023.
- Settlement of the exchange and forward sale expected by September 5, 2023.
- RBI receives no proceeds from the offering; total shares outstanding unchanged.
- Selling shareholder and 3G affiliates subject to a 45-day lock-up agreement.

## SEC filing metadata
- accession: 0001618755-23-000039
- form_type: 8-K
- ticker: RSTRF
- cik: 0001618755
- company_name: Restaurant Brands International Limited Partnership
- filed_at: 2023-08-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618755/000161875523000039/0001618755-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618755/000161875523000039/qsr-20230816.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618755-23-000039
- JSON: https://secwatch.observer/filing/0001618755-23-000039.json
- Plain text: https://secwatch.observer/filing/0001618755-23-000039.txt

## Key facts
- Material Agreements
  Restaurant Brands International Limited Partnership entered into "Underwriting Agreement" with BofA Securities, Inc. valued at $68.75 per Common Share (effective 2023-08-16).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc.
  - Value: $68.75 per Common Share
  - Effective: 2023-08-16
  source text: On August 16, 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 Ltd. (“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 up to 7,136,149 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/1618755/000161875523000039/0001618755-23-000039-index.htm
- Material Agreements
  Restaurant Brands International Limited Partnership entered into "Forward Sale Agreement" with BofA Securities, Inc. valued at up to an aggregate of 7,136,149 Common Shares (effective 2023-08-16).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: BofA Securities, Inc.
  - Value: up to an aggregate of 7,136,149 Common Shares
  - Effective: 2023-08-16
  source text: In connection with the Offering, the Selling Shareholder entered into a forward sale agreement (the “Forward Sale Agreement”) with the Forward Counterparty with respect to up to an aggregate of 7,136,149 Common Shares (the “Forward Shares”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618755/000161875523000039/0001618755-23-000039-index.htm

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