TH International, The Exclusive Operator Of Tim Hortons Coffee Shops In China, Secured An Aggregate Of Up To $65M Of Financing And Additional Funding From Its Founding Shareholders, Cartesian Capital Group And Restaurant Brands International Inc.
TH International, The Exclusive Operator Of Tim Hortons Coffee Shops In China, Secured An Aggregate Of Up To $65M Of Financing And Additional Funding From Its Founding Shareholders, Cartesian Capital Group And Restaurant Brands International Inc.
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)).
TH International Limited（“Tims China”（纳斯达克股票代码：THCH）是蒂姆·霍顿斯在中国的咖啡店的独家运营商，该公司从其创始股东笛卡尔资本集团有限责任公司（“笛卡尔”）和餐饮品牌国际有限公司（“RBI”（纽约证券交易所代码：QSR））那里获得了总额高达6500万美元的融资和额外融资。
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.
融资包括5000万美元的可转换票据，其中4000万美元是在收盘时发行的，余额将在未来7个月内融资，视具体情况而定。三年期票据可转换为Tims China新发行的可转换优先股，在交易结束前的5个交易日内，按每股价格的110％转换为普通股。