Loan & DebtOct 19, 2026, 04:06 PM
TH International Ltd Issues $14.37M Convertible Notes; Appoints New Director
AI Summary
TH International Limited announced the closing of the third tranche of Senior Secured Convertible Notes due 2029, amounting to US$14,374,349.00, with a total purchase price of US$15 million. These notes were issued to Tim Hortons Restaurants International GmbH and will rank equally with existing convertible notes. Additionally, the company announced a change in its board of directors, with Mr. Stanford Ming Lin appointed as a director, succeeding Mr. Thiago Santelmo.
Key Highlights
- TH International Limited closed the issuance of the third tranche of Senior Secured Convertible Notes due 2029 to Tim Hortons Restaurants International GmbH.
- The aggregate principal amount of the third tranche of notes is US$14,374,349.00.
- The aggregate purchase price, including accrued interest from June 2, 2026, was US$15 million.
- The new notes were consolidated with existing notes and rank pari passu.
- Mr. Stanford Ming Lin was appointed as a director, replacing Mr. Thiago Santelmo.
Price Impact
More from THCH