Restaurant Brands International Announces Strategic Share Offering for Growth Initiatives

Restaurant Brands International Shares Offered in New Initiative

Restaurant Brands International Inc. (RBI) formally announced the commencement and pricing of a secondary offering of common shares as part of its ongoing growth strategy. This move is significant for the company, enabling it to further solidify its standing in the quick service restaurant arena.

On November 13, 2025, RBI revealed that it will float up to 17,626,570 common shares, mainly from HL1 17 LP, an entity associated with 3G Capital Partners Ltd. This development is closely tied to an exchange notification received concerning Class B exchangeable limited partnership units. RBI LP will satisfy this exchange request through the provision of an equivalent number of common shares, resulting in a seamless continuation of operations without disrupting overall share distributions.

To facilitate this offering, the Selling Shareholder has entered into a forward sale agreement with BofA Securities, serving as the offering's sole book-running manager. Under this agreement, up to 9,785,784 shares will be borrowed and sold through BofA's underwriting services, while additionally, an estimated 7,840,786 shares will be made available pending interest from current investors.

A notable aspect of this offering is that RBI itself will not be engaging in the sale of any shares and consequently will not reap any proceeds from this share transaction. It’s essential to highlight that the total quantity of Exchangeable Units alongside RBI common shares will remain unaffected by these transactions.

Following the official pricing, RBI intends to settle the forward sale agreement around December 3, 2025, with the entire offering anticipated to close by November 17, 2025. This timeline remains contingent upon customary closing conditions, a common practice in the financial sector to secure successful share launches.

Investors can find more details through the SEC's website, where a final prospectus supplement will soon be accessible post-filing. The regulatory requirement ensures that prospective investors have complete transparency regarding their transactions, thereby fostering an informed investment community.

RBI stands as one of the most prominent players in the quick service restaurant sector, boasting annual system-wide sales exceeding $45 billion and operating over 32,000 restaurants across more than 120 countries. The company is the parent organization of renowned brands like Tim Hortons, Burger King, Popeyes, and Firehouse Subs, each possessing their unique market presence.

The company’s commitment to sustainability and community welfare is underlined by its Restaurant Brands for Good initiative, which seeks to enhance outcomes related to food sourcing, environmental impact, and social contributions, ensuring that RBI not only thrives economically but also supports broader societal goals.

In conclusion, the share offering positioned by RBI exemplifies its intent to adapt and grow in a competitive industry landscape. Stakeholders keen on gaining insights into future developments within the company can monitor updates as RBI continues to navigate this dynamic market segment.