Restaurant Brands announces offering of 16.96M common shares for holders
Restaurant Brands International announced that Restaurant Brands International Limited Partnership had received an exchange notice from HL1 17 LP, an affiliate of 3G Capital Partners Ltd., to exchange 16.96M Class B exchangeable limited partnership units of RBI LP. RBI LP intends to satisfy this notice with the delivery of 16.96M common shares. Restaurant Brands announced that HL1 17 LP has commenced an underwritten registered public offering of 16.96M common shares. HL1 17 LP expects to enter into a forward sale agreement with Morgan Stanley with respect to 16.96M common shares. Restaurant Brands will not sell any common shares in the offering and will not receive any proceeds from the sale of the common shares. Morgan Stanley will serve as sole book-running manager in the offering.