Restaurant Brands International Inc. said Restaurant Brands International Limited Partnership, or RBI LP, received an irrevocable 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 plans to satisfy the notice by repurchasing the units for cash using available cash on hand when the exchange settles on Aug. 31, 2026. The cash repurchase price will be based on the 20-day volume weighted average price of RBI's common shares traded on the NYSE in U.S. dollars under RBI LP's limited partnership agreement. After settlement, the units will be cancelled, reducing RBI's fully diluted common shares by the same amount, and RBH is expected to hold about 21% of RBI's fully diluted common shares on an as-adjusted basis.