Tims China Announces Issuance of Senior Secured Convertible Notes and Amendment to Existing Convertible Notes
TH International Limited - Ordinary shares (THCH)
Company Research
Source: GlobeNewswire
SHANGHAI 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 approximately US$89.9 million. The Company will use part of the proceeds from the issuance of the New Secured Notes for the repurchase of all outstanding amount due under its variable rate convertible senior notes due 2026. The New Secured Notes will be convertible directly into newly issued ordinary shares of Tims China at a price equal to 110% of the five-day volume-weighted average
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THCH
News
- Tims China Announces Third Quarter 2025 Financial ResultsGlobeNewswire
- Tims China and Tencent’s CarbonXmade Launch Innovative Eco-friendly Straw Made with Captured CO2GlobeNewswire
- Tims China to Announce Third Quarter 2025 Financial Results on December 9, 2025 [Yahoo! Finance]Yahoo! Finance
- Tims China to Announce Third Quarter 2025 Financial Results on December 9, 2025GlobeNewswire
- TH International (NASDAQ:THCH) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
THCH
Sec Filings
- 12/9/25 - Form 6-K
- 12/3/25 - Form 6-K
- 10/31/25 - Form 6-K
- THCH's page on the SEC website