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Presto! Greenberg Traurig Preps $596 Million Stock Offering for Burger King Parent in Eight Days

Greenberg Traurig corporate and securities shareholders Kara MacCullough and Flora Perez barely slept for eight days.

That's the time they had to complete a secondary public offering for their client Restaurant Brands International, or RBI, parent of Miami-based Burger King and Oakville, Ontario-based coffee, doughnuts and sandwich chain Tim Hortons.

"We literally worked nonstop for eight solid days," MacCullough said. "I would say: 'I need two hours of sleep. Flora, you are on.' "

"You need to be available to deal with issues as they come in," Perez said of the calls that came in day and night. "It was good but definitely a whirlwind."

Typically, this type of transaction would be completed in about a month. But the offering priced Dec. 9, and RBI wanted it closed by Dec. 15 before the securities markets all but shut down for the holidays and to take advantage of market conditions, they said.

"It was a tight time frame, but it is a pleasure when you have everyone focused on getting it done," MacCullough said of the attorneys at the six law firms that worked on the deal.

The offering involved the sale of more than 17.5 million shares owned by limited partners of 3G Capital Partners, a Brazilian private investment group that acquired Burger King in 2010. Burger King created RBI in 2014 when the fast-food chain acquired Tim Hortons for $11 billion.

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