---
schema_version: "secwatch.filing_event.v1"
accession: "0001618756-23-000017"
form_type: "8-K"
ticker: "QSR"
cik: "0001618756"
company_name: "Restaurant Brands International Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:14:22.253579+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Selling shareholder HL1 17 LP (3G Capital affiliate) to sell 2,213,851 common shares at $63.99 each.
- RBI receives no proceeds; shares come from exchange of partnership units.
- Offering expected to close March 2, 2023; forward settlement by March 16.
- After transaction, 3G RBH holds ~28.9% voting power; 45-day lock-up on further sales.
- BofA Securities sole book-runner.

## SEC filing metadata
- accession: 0001618756-23-000017
- form_type: 8-K
- ticker: QSR
- cik: 0001618756
- company_name: Restaurant Brands International Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000017/0001618756-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000017/qsr-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618756-23-000017
- JSON: https://secwatch.observer/filing/0001618756-23-000017.json
- Plain text: https://secwatch.observer/filing/0001618756-23-000017.txt

## Key facts
- Material Agreements
  Restaurant Brands International Inc. entered into Underwriting Agreement with BofA Securities, Inc. (underwriter), HL1 17 LP (selling shareholder), BofA Securities, Inc. (forward seller/purchaser) (effective 2023-02-27).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc. (underwriter), HL1 17 LP (selling shareholder), BofA Securities, Inc. (forward seller/purchaser)
  - 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/1618756/000161875623000017/0001618756-23-000017-index.htm

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