04:41 PM EDT, 08/12/2024 (MT Newswires) -- Restaurant Brands International (QSR.TO, QSR) was last seen down 1.7% in after-hours New York trading after an affiliate of 3G Capital Partners to said it is exchanging 6.53-million Class B exchangeable limited partnership units of Restaurant Brands International LP into the company's shares ahead of a secondary offering on a one-for-one basis.

The 3G Capital affiliated is selling the all the 6.53-million shares in a secondary offering.

RBI, which operates the Burger King and Tim Hortons fast-food franchises among other banners, will not sell any common shares in the offering and will not receive any proceeds from the sale of the common shares.

The company's shares were last seen down US$1.20 to US$68.61 after hours. They closed down $0.81 to $95.96 on the Toronto Stock Exchange.