Han Kun Law Offices LLP ("Han Kun Hong Kong") has advised TH International Limited (Nasdaq: THCH, the "Company"), the exclusive master franchisee of Tim Hortons restaurants in China, as its U.S. and Hong Kong counsel for the issuance of US$89.9 million floating rate convertible senior secured notes due 2029 (the "Notes"). The Notes contain standard "high-yield" style covenants. The Notes are issued pursuant to Section 4(a)(2) of the Securities Act of 1933 and are listed on the Singapore Stock Exchange.
Concurrently with the issuance of the Notes, Han Kun Hong Kong acted for the Company to repurchase the entire outstanding principal amount of its variable rate convertible senior notes due 2026 and to amend certain terms of its existing convertible notes issued in 2024.
Han Kun Law Offices also acted as the PRC counsel for the Company in connection with the PRC regulatory approvals and filings in connection with the issuance of the Notes.