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News  ›  GlobeNewswire Inc.

Tims China Announces Issuance of Senior Secured Convertible Notes and Amendment to Existing Convertible Notes

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Th International Limited
Tims China Announces Issuance of Senior Secured Convertible Notes and Amendment to Existing Convertible Notes

Tims China has entered into an agreement to issue senior secured convertible notes worth approximately $89.9 million, which will be used to repurchase existing convertible notes. The transaction includes extending the maturity of existing notes and is expected to close in Q4 2025.

Insights
BRK.B   neutral

Transitioning leadership with Greg Abel, maintaining significant investment portfolio valued over $310 billion


THCH   positive

The company is proactively managing its debt structure, securing new financing, and extending note maturities, which suggests financial strategic planning