secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001618756-24-000137
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

3G affiliate to sell up to 6.53M RBI common shares at $68.31 via forward sale
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000137/0001618756-24-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000137/qsr-20240812.htm
  HTML page:      https://secwatch.observer/filing/0001618756-24-000137

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