secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001618756-23-000045
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

3G Capital affiliate sells up to 7.1M QSR shares at $68.75 in secondary offering; RBI receives no proceeds
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- HL1 17 LP (3G affiliate) to exchange 7,136,149 exchangeable units for common shares, then sell via forward agreement.
- Offering priced at $68.75 per share; BofA Securities sole book-runner; sale of 4,136,156 borrowed shares plus up to 2,999,993 from an identified investor.
- RBI receives no proceeds from the offering; total common shares outstanding unchanged.
- Forward sale settlement and exchange expected on or before Sept 5, 2023; offering closes Aug 21, 2023.
- Selling shareholder, 3G entities agree to 45-day lock-up on further sales, subject to exceptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875623000045/0001618756-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875623000045/qsr-20230816.htm
  HTML page:      https://secwatch.observer/filing/0001618756-23-000045

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