Restaurant Brands International announced that Restaurant Brands International Limited Partnership had received an exchange notice from HL1 17 LP, an affiliate of 3G Capital Partners Ltd., to exchange 7,136,149 Class B exchangeable limited partnership units of RBI LP. RBI LP intends to satisfy this notice with the delivery of an equal number of common shares of RBI. RBI will not sell any common shares in the offering and will not receive any proceeds from the sale of the common shares. BofA Securities will serve as sole book-running manager in the offering.
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