TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, secured an aggregate of up to $65 million of financing and additional funding from its founding shareholders, Cartesian Capital Group, LLC ("Cartesian") and Restaurant Brands International Inc. ("RBI" (NYSE: QSR)).
The financing includes $50 million in convertible notes, of which $40 million was issued at closing, with the balance to be funded over the coming 7 months, subject in each case to certain conditions. The three-year notes are convertible into newly issued convertible preferred shares of Tims China, which convert to ordinary shares at a price per share based on 110% of the VWAP for the 5 trading days immediately prior to closing of the transaction.
中国のティム・ホートンズのコーヒーショップの排他的オペレーターであるTH International Limited(「Tims China」(Nasdaq:THCH))は、創業株主であるCartesian Capital Group LLC(「Cartesian」)とRestaurant Brands International Inc.(「RBI」(NYSE:QSR))から最大で6500万ドルの資金調達と追加資金調達を確保しました。
その資金調達には5単位取引日前までの価格に基づく株式の価格がコンバージョンされる新しく発行される優先株式に換算される、3年間のコンバージョン社債のうち4,000万ドルがクロージング時に発行され、残りはそれぞれ一定の条件に基づき来る7ヶ月間に資金調達されます。