Tims China closes US$15 million senior secured convertible note issuance tranche
THCH•Second-tranche note issuance closed
- TH International closed a second-tranche issuance of Senior Secured Convertible Notes due 2029 totaling USD 14.54 million.
- Total proceeds, including accrued interest, were USD 15 million.
- New notes were consolidated into a single series with existing floating-rate senior secured convertible notes due 2029.
- Two additional tranches are expected, with the final tranche targeted for issuance in Q1 2027.
