A&O Shearman supports Restaurant Brands International on financing for Tim Hortons China

Tims China has issued USD89.9 million floating rate convertible senior secured notes due 2029 (Senior Secured Notes) under a New York law-governed indenture with the notes listed on the Singapore Exchange (SGX).

RBI is one of the world’s largest quick-service restaurant companies, with over 32,000 restaurants in more than 120 countries and territories and nearly USD45bn in annual system-wide sales.

The financing required coordination across multiple jurisdictions and leveraged A&O Shearman’s global capabilities and deep market experience to ensure seamless execution under a complex structure within a compressed timeframe.

“This transaction reflects the strength of the private capital markets in responding to dynamic financing needs,” said Rishi Hindocha A&O Shearman partner. “Our team’s integrated approach was instrumental in structuring a solution tailored to our client’s strategic priorities.”

The A&O Shearman team was jointly led by Singapore-based partners Rishi Hindocha with support from senior associate Benjamin Foo, Hong Kong-based partner Kyungwon Lee, and supported by counsel Hae-Ran Song. Hong Kong-based partner Viola Jing and senior associate Tiffany Tam supported the team on Hong Kong law advice.