QSR to Repurchase ~2.8M Partnership Units from 3G Capital Affiliate for Cash

Restaurant Brands International (QSR) announced its subsidiary, RBI LP, will repurchase 2,784,549 Class B exchangeable limited partnership units for cash. This follows an irrevocable exchange notice from 3G Restaurant Brands Holdings LP, an affiliate of 3G Capital. The transaction will be funded using available cash on hand.

Key Details

• Transaction: 3G Restaurant Brands Holdings LP submitted a notice to exchange 2,784,549 Class B exchangeable units, which RBI LP will repurchase entirely for cash.
• Timing & Pricing: The exchange is scheduled for August 31, 2026. The repurchase price will be based on the 20-day volume-weighted average price of QSR's common shares on the NYSE.
• Impact on Ownership: The repurchased units will be cancelled, reducing QSR's fully diluted common share count. Following the exchange, 3G's affiliate will hold approximately 21% of RBI's fully diluted common shares.