{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-336485","form_type":"8-K","ticker":"YUMC","cik":"0001673358","company_name":"Yum China Holdings, Inc.","filed_at":"2026-08-06T10:01:32+00:00","discovered_at":"2026-08-06T10:10:00.467233+00:00","generated_at":"2026-08-06T10:11:29.186085+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Yum China enters CNH 8.4B bridge loan to finance Pizza Hut acquisition from Yum! Brands","bullets":["Loan of CNH 8.4B (approx. $1.17B) from HSBC and Citibank to finance Pizza Hut acquisition.","Initial maturity 180 days from funding, extendable up to 364 days at borrower's option.","Interest rate: CNH HIBOR plus margin of 0.40%-0.50% per annum depending on period.","Proceeds used for acquisition of Pizza Hut from Yum! Brands per Purchase Agreement dated June 16, 2026.","Covenants: interest coverage ratio >=3.00, consolidated leverage ratio <=2.50, tested quarterly."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-336485","json":"https://secwatch.observer/filing/0001193125-26-336485.json","markdown":"https://secwatch.observer/filing/0001193125-26-336485.md","text":"https://secwatch.observer/filing/0001193125-26-336485.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526336485/0001193125-26-336485-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526336485/yumc-20260731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-06T10:11:29.186085+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}