Brief: Tims China Announces Additional Financing And Investor-Friendly Changes To Merger Agreement

TH International

09/03/2022 08:39

March 9 (Reuters) - Restaurant Brands International Inc
 QSR.TO :
    * TIMS CHINA ANNOUNCES ADDITIONAL FINANCING AND
INVESTOR-FRIENDLY
CHANGES TO MERGER AGREEMENT
    * TIMS CHINA- ADJUSTMENTS TO THE MERGER AGREEMENT, INCLUDING
REDUCING ENTRY VALUATION OF TIMS CHINA FROM $1.688 BILLION TO
$1.400 BILLION
    * TIMS CHINA - ADDITIONAL FINANCINGS OF UP TO $194.5 MILLION
FROM
INSTITUTIONAL INVESTORS TO FULLY FUND TIMS CHINA'S 5-YEAR
BUSINESS PLAN

Source text for Eikon:  ID:nPn5JyjYLa 
Further company coverage:  QSR.TO 

 ((Reuters.Brief@thomsonreuters.com;))