Financing ·
TH International closes $15M third tranche of senior secured convertible notes due 2029
THCHTH International Ltd
On October 16, 2026, TH International Limited announced the closing of the issuance of the third tranche of Senior Secured Convertible Notes due 2029 to Tim Hortons Restaurants International GmbH. The aggregate purchase price was US$15 million, including accrued interest from June 2, 2026. These notes consolidate with existing floating rate senior secured convertible notes and previous tranches under the same indenture. Additionally, effective October 19, 2026, Mr. Thiago Santelmo resigned as a director, and Mr. Stanford Ming Lin was appointed to the Board. Mr. Lin currently serves as General Manager for Tim Hortons Asia Pacific at Restaurant Brands International. TH International Limited operates in the quick-service restaurant industry.