other material
confidence high
sentiment neutral
materiality 0.55
3G affiliate to sell up to 6.53M RBI common shares at $68.31 via forward sale
Restaurant Brands International Inc.
- HL1 17 LP (3G affiliate) registered secondary offering of up to 6,528,013 common shares at $68.31 per share.
- Forward sale with BofA Securities; net proceeds to selling shareholder, not RBI. No change in total shares and units.
- Exchange of 6,528,013 Class B units for common shares will occur; settlement and exchange expected by August 30, 2024.
- Offering expected to close August 14, 2024; selling shareholder and 3G affiliates subject to 45-day lock-up.
- RBI receives no proceeds; BofA Securities sole book-runner.