TH International Limited, the master franchisee of Tim Hortons in China, has finalized an agreement for Senior Secured Convertible Notes. The company will issue approximately US$89.9 million in New Secured Notes due September 2029, with proceeds used to repurchase existing convertible notes. Additionally, existing unsecured convertible notes have been extended to 2029, aligning with the new issuance. The transaction is expected to close in Q4 2025, pending regulatory approvals in China. Full details will be available in a filing with the SEC by October 31, 2025. The company emphasizes a focus on growth, operational efficiency, and profitability.

Read more at GlobeNewswire: Tims China Announces Issuance of Senior Secured Convertible