BuybackAug 10, 2026, 04:58 PM
Restaurant Brands to Repurchase 2.8M Exchangeable Units for Cash
AI Summary
Restaurant Brands International Limited Partnership (RBI LP) announced it received an irrevocable exchange notice from 3G Restaurant Brands Holdings LP for 2,784,549 Class B exchangeable limited partnership units. RBI LP plans to satisfy this notice by repurchasing the units for cash, utilizing available cash on hand. This action will decrease RBI's fully diluted common shares by the same number of units, with 3G Restaurant Brands Holdings LP holding approximately 21% of RBI's fully diluted common shares post-exchange. The exchange is set for August 31, 2026.
Key Highlights
- Restaurant Brands International LP received an exchange notice for 2,784,549 Class B exchangeable units.
- The notice was from 3G Restaurant Brands Holdings LP, an affiliate of 3G Capital.
- RBI LP intends to repurchase these units for cash using available cash on hand.
- The exchange will decrease RBI's fully diluted common shares by 2,784,549 units.
- Post-exchange, 3G Restaurant Brands Holdings LP will hold approximately 21% of RBI's fully diluted common shares.
- The exchange is scheduled to occur on August 31, 2026.
- The repurchase price will be based on the 20-day volume weighted average price of common shares.
Price Impact
More from RSTRF