Financing ·
On July 7, 2026, TH International Limited closed the issuance of the first tranche of Senior Secured Convertible Notes…
THCHTH International Ltd
On July 7, 2026, TH International Limited closed the issuance of the first tranche of Senior Secured Convertible Notes due 2029 to Tim Hortons Restaurants International GmbH. The aggregate principal amount is US$15,623,304, with total proceeds including accrued interest amounting to US$15.8 million. These notes rank pari passu with existing floating rate senior secured convertible notes due 2029. The company plans to issue three additional tranches, with the final issuance expected in the first quarter of 2027. The company operates in the food and beverage industry as a coffee and bakery chain operator.