Restaurant Brands International Inc. on Sept. 4 disclosed the pricing of the public offering of 16,960,717 common shares launched by its shareholder HL1 17 LP, an affiliate of 3G Capital Partners Ltd.
The offering relates to the exchange notice received by Restaurant Brands International LP from HL1 17 to exchange 16,960,717 class B exchangeable limited partnership units of Restaurant Brands International LP.
HL1 17 entered into a forward sale agreement with Morgan Stanley with respect to the offering. The settlement date and the exchange is expected to take place on or before Sept. 23.
Restaurant Brands said it does not plan to sell any common shares in the offering and that it will not receive any proceeds from the sale of HL1 17's shares in the company.
The offering is expected to close Sept. 6, subject to customary closing conditions.
