Times China Opts for Payment-in-Kind Interest on 2032/2033 Notes, Partially on 2029 Notes, Raising Outstanding Principal by USD29.18 Million

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Times China Holdings Limited announced the interest payment arrangements for three tranches of its US-dollar senior notes as of the 30 March 2026 interest payment date, exercising payment-in-kind (PIK) options that increase outstanding principal across all series.

For the 4.0% Senior Notes due 2029, the company paid USD0.95 million in cash interest and capitalised USD2.85 million as PIK interest. The outstanding principal rose from USD190.09 million to USD192.95 million.

For the 4.2% Senior Notes due 2032, Times China elected to pay the entire interest in kind, adding USD17.33 million to principal and lifting the balance from USD825.00 million to USD842.33 million.

For the 4.5% Senior Notes due 2033/2035, the full interest was likewise capitalised, increasing principal by USD9.00 million to USD409.00 million from USD400.00 million.

Across the three note series, total PIK interest amounts to USD29.18 million. All elections were made under the indentures dated 28 November 2025.

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