other material
confidence high
sentiment neutral
materiality 0.55
3G Capital affiliate to sell up to 6.53M RBI common shares in secondary offering at $68.31
Restaurant Brands International Limited Partnership
- HL1 17 LP (3G affiliate) offered 6,528,013 common shares at $68.31 via forward sale with BofA Securities.
- Offering expected to close August 14, 2024; forward settlement and exchange of RBI LP units by Aug 30.
- RBI receives no proceeds; aggregate common shares plus exchangeable units unchanged after exchange.
- Selling shareholder and related parties subject to 45-day lock-up on further dispositions.
- BofA Securities is sole book-runner; shares registered under shelf filed with SEC.