Financing ·
TH International closes second tranche of Senior Secured Convertible Notes due 2029, raising $15 million from Tim Hortons Restaurants International GmbH
THCHTH International Ltd
TH International Limited announced the closing of the second tranche of Senior Secured Convertible Notes due 2029 on September 10, 2026. The issuance was made to Tim Hortons Restaurants International GmbH with an aggregate principal amount of US$14,539,026.00 and total proceeds of US$15 million, including accrued interest. These notes consolidate into a single series with the existing Original Notes and rank pari passu. The company expects to issue two additional tranches, subject to closing conditions, with the final tranche anticipated in the first quarter of 2027. TH International Limited operates in the food service industry as the franchisee for Tim Hortons in China.