Restaurant Brands Intl LP To Repurchase 2.78M Exchangeable Units

What Happened

• On August 10, 2026, Restaurant Brands International Inc. reported that Restaurant Brands International Limited Partnership (RBI LP) received an exchange notice from 3G Restaurant Brands Holdings LP (an affiliate of 3G Capital Partners Ltd.) to exchange 2,784,549 Class B exchangeable limited partnership units.
• RBI LP said it intends to satisfy the irrevocable exchange notice by repurchasing all 2,784,549 Exchangeable Units for cash, using available cash on hand. A press release announcing the action was attached as Exhibit 99 to the Form 8-K.

Key Details

• Date of disclosure: August 10, 2026 (Regulation FD disclosure filed on Form 8-K, Item 7.01).
• Units subject to exchange/repurchase: 2,784,549 Class B exchangeable limited partnership units.
• Issuing/receiving party: exchange notice from 3G Restaurant Brands Holdings LP (affiliate of 3G Capital Partners Ltd.).
• Payment method: RBI LP intends to use available cash on hand to repurchase all units; the filing does not disclose a per-unit repurchase price or total cash amount.

Why It Matters

• This is a material capital transaction: repurchasing these exchangeable units will reduce the number of outstanding exchangeable units and will require a cash outflow from RBI LP’s available cash.
• Investors should note the transaction was initiated by an irrevocable exchange notice from a large affiliate (3G), and the filing does not provide price or total cash cost—so monitor future disclosures or press releases for financial details and potential impacts on liquidity or partner interests.