---
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"
generated_at: "2026-08-06T10:11:29.186085+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Yum China enters CNH 8.4B bridge loan to finance Pizza Hut acquisition from Yum! Brands

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-336485
- JSON: https://secwatch.observer/filing/0001193125-26-336485.json
- Plain text: https://secwatch.observer/filing/0001193125-26-336485.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.