Restaurant Brands International to cancel 2,784,549 exchangeable units in cash repurchase
QSR•Restaurant Brands International plans cash repurchase of exchangeable units
Restaurant Brands International LP received an exchange notice from 3G Restaurant Brands Holdings to exchange 2,784,549 Class B exchangeable limited partnership units.
The partnership plans to repurchase the units for cash using available cash on hand, cancelling the units and reducing fully diluted common shares by 2,784,549.
The cash repurchase price will be based on the 20-day volume-weighted average price of RBI common shares on the NYSE in USD.
On an as-adjusted basis, 3G Restaurant Brands Holdings would hold about 21% of RBI fully diluted common shares.
The exchange date is scheduled for Aug. 31, 2026.
