Core Points - Restaurant Brands International Inc. (RBI) announced the exchange of 6,528,013 Class B exchangeable limited partnership units for an equal number of common shares [1] - The Selling Shareholder, an affiliate of 3G Capital, has initiated a public offering of up to 6,528,013 common shares [3] - RBI will not sell any common shares in the offering and will not receive any proceeds from the sale [4] Company Overview - RBI is one of the largest quick service restaurant companies globally, with over $40 billion in annual system-wide sales and more than 30,000 restaurants across over 120 countries [7] - The company owns four major quick service restaurant brands: TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS® [7] - RBI is committed to improving sustainable outcomes related to food, the planet, and communities through its Restaurant Brands for Good framework [7]
Restaurant Brands International Inc. Announces Receipt of Exchange Notice, Intent to Use Common Shares to Satisfy Exchange and Commencement of Secondary Offering of Common Shares