Restaurant Brands International received an exchange notice for 2,784,549 Class B exchangeable limited partnership units from 3G Restaurant Brands Holdings.
RBI LP plans to repurchase the units for cash using cash on hand, cancelling the units and reducing fully diluted common shares by 2,784,549.
The exchange is scheduled for Aug. 31, 2026; the cash price will be set using the 20-day VWAP of QSR shares on the NYSE in USD.
After the transaction, 3G Restaurant Brands Holdings is expected to hold about 21% of RBI’s fully diluted common shares.
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