Tims China issues $89.9 million convertible notes, amends existing debt
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Tims China Announces Issuance of Senior Secured Convertible Notes and Amendment to Existing Convertible Notes
October 31, 2025 11:33 PM EDTSHANGHAI and NEW YORK, Oct. 31, 2025 (GLOBE NEWSWIRE) -- TH International Limited (Nasdaq: THCH), the exclusive master franchisee of Tim Hortons restaurants in China (Tims China or the Company), today announced that it has entered into a definitive agreement for the issuance of Senior Secured Convertible Notes. Additionally, THCH announced amendments to its existing 2024 unsecured convertible notes.
Transaction Overview
Tims China has entered into agreements providing for the issuance of senior secured convertible notes due September 2029 (New Secured Notes) in an aggregate principal amount of... More
