Restaurant Brands International Inc. ("RBI") has announced the receipt of an exchange notice and the intent to use common shares to satisfy the exchange, as well as the commencement of a secondary offering of common shares.
As a result of the transactions, the aggregate number of exchangeable units and RBI common shares will not change. The selling shareholder, an affiliate of 3G Capital Partners Ltd., has commenced an underwritten registered public offering of up to 17,626,570 common shares. The offering is expected to be settled on or before December 3, 2025. RBI will not sell any common shares in the offering and will not receive any proceeds from the sale of the common shares.
RBI is one of the world's largest quick-service restaurant companies, with over $45 billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries and territories. The company owns prominent quick-service restaurant brands such as Tim Hortons, Burger King, Popeyes, and Firehouse Subs.
The company has been focusing on improving sustainable outcomes related to its food, the planet, and people and communities through its "Restaurant Brands for Good" framework.
These developments showcase RBI's strategic financial decisions and its position as a major player in the global quick-service restaurant industry. As a result of these announcements, the company's shares have moved -2.31% on the market, and are now trading at a price of $68.78. For the full picture, make sure to review Restaurant Brands International's 8-K report.
