Restaurant Brands to cancel 2,784,549 exchangeable units in cash repurchase
QSR•Pricing and timing details
The repurchase price will be based on the 20-day volume-weighted average price of RBI common shares on the NYSE in U.S. dollars.
The exchange date is scheduled for Aug. 31, 2026; the exchange notice is irrevocable.
Ownership after the exchange
On an adjusted basis, 3G Restaurant Brands Holdings will hold about 21% of fully diluted common shares.
Cash repurchase will cancel exchangeable units
Restaurant Brands International received a notice from 3G Restaurant Brands Holdings to exchange 2,784,549 Class B exchangeable limited partnership units in RBI LP.
RBI LP will repurchase the units for cash using available cash on hand; the exchanged units will be cancelled, cutting fully diluted common shares by 2,784,549.
