TH International Limited Secures Up To $65M Financing; Includes $50M In Convertible Notes With $40M Issued At Closing; RBI Acquires Popeyes China Business For $15M; Tims China Issues $15M Convertible Note To Extinguish Deferred Consideration For Popeyes China Acquisition
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TH International Limited has secured up to $65 million in financing, including $50 million in convertible notes with $40 million issued at closing. Restaurant Brands International (RBI) has acquired the Popeyes China business for $15 million. Tims China has issued a $15 million convertible note to extinguish deferred consideration for the Popeyes China acquisition.
July 01, 2024 | 12:17 pm
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POSITIVE IMPACT
Restaurant Brands International (QSR) has acquired the Popeyes China business for $15 million, which could strengthen its presence in the Chinese market.
The acquisition of Popeyes China by RBI for $15 million is likely to enhance its market presence in China, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TH International Limited has secured up to $65 million in financing, including $50 million in convertible notes, which could provide significant capital for expansion and operations.
The $65 million financing, including $50 million in convertible notes, provides TH International with substantial capital, likely aiding in expansion and operational activities, positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90