Affiliate of 3G Capital Partners completes sale of common shares of Restaurant Brands International in secondary offering
On December 15, 2015, Restaurant Brands International Inc. (RBI) completed the previously announced cross-border secondary offering of 17,542,410 of its common shares held by Holdings L115 LP, an affiliate of 3G Capital Partners, for total net proceeds to the selling shareholders of approximately US$596 million, after giving effect to the underwriting discount.
Morgan Stanley served as the sole book-running manager in the offering.
Restaurant Brands International is one of the world's largest quick service restaurant companies with over US$23 billion in system-wide sales and over 19,000 restaurants in approximately 100 countries and U.S. territories. RBI owns two of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS® and BURGER KING®.
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