3G Capital affiliate launches secondary offering of up to 17.6M RBI shares at $68.72

Restaurant Brands International Limited Partnership

HL1 17 LP (3G affiliate) will sell up to 17,626,570 common shares via underwritten public offering.
Price set at $68.72 per share; proceeds go to selling shareholder, not RBI.
Forward sale agreement with BofA Securities; 9,785,784 shares borrowed and sold initially.
Offering expected to close Nov 17, 2025; settlement and unit exchange by Dec 3, 2025.
45-day lock-up on further share sales by 3G entities with limited exceptions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.