SJM Holdings Ltd has been able to purchase for cash 34.0 percent in principal amount of its outstanding 4.500-percent U.S.-dollar senior notes due on January 27.
The Macau casino firm gave the information in a Tuesday filing to the Hong Kong Stock Exchange, following a 4pm United Kingdom time deadline on Monday (January 12) for the exercise.
It stated US$170.115-million in principal amount – of the US$500-million value outstanding – had been purchased via a unit, which will leave a new balance of US$329.885 million outstanding.
SJM Holdings stated that the accrued interest on the 2026 notes is US$21.125 per US$1,000 of principal amount.
The casino group said it was expected that payment for the 2026 notes accepted for purchase and the accrued interest would be made “on or about 16 January 2026”.
The 2026 notes had been issued by Champion Path Holdings Ltd, a British Virgin Islands firm and a wholly-owned subsidiary of SJM Holdings.
On January 5, when the casino group announced plans to purchase the 2026 notes, it also flagged its intention to issue new U.S.-dollar notes.
The new notes are to be issued on Thursday (January 15), with a principal gross amount of US$540-million in senior unsecured format, at 6.500-percent annual interest and due in 2031.
