SJM Holdings Ltd, a well-known name in the Macau casino industry, has made a strategic financial move by purchasing a substantial portion of its outstanding senior notes. The company reported to the Hong Kong Stock Exchange that it has acquired 34.0 percent of the principal amount of its senior notes. These notes, originally issued in U.S. dollars with a 4.500 percent interest rate, had a maturity date set for January 27. This financial maneuver was finalized following a predetermined deadline of 4pm UK time on January 12.
Details of the Purchase and Financial Implications
The acquisition, totaling US$170.115 million in principal amount out of a US$500 million issuance, leaves SJM Holdings with US$329.885 million still outstanding. This transaction was conducted through one of the firm's subsidiaries, providing a strategic reduction in its financial obligations. The notes in question had originally been issued by Champion Path Holdings Ltd, a British Virgin Islands entity, fully owned by SJM Holdings.
The group also noted that the accrued interest associated with these 2026 notes amounts to US$21.125 for every US$1,000 of principal, indicating the expected payment timeline for this accrued interest and the principal purchase to be on or around January 16, 2026.
Future Plans: Issuance of New U.S. Dollar Notes
Alongside its recent buyback strategy, SJM Holdings has announced its intention to raise additional capital through the issuance of new U.S. dollar notes. Set to be issued on January 15, these new notes will bring in a total principal amount of US$540 million. These notes are structured as senior unsecured debt, bearing an annual interest rate of 6.500 percent and set to mature in 2031.This strategic issuance aligns with SJM Holdings' financial planning and offers flexibility in managing its future growth and investment plans.
Source: SJM Holdings buys 34pct in outstanding principal of US$500mln notes due Jan 27, GGRAsia, January 14, 2026.
Posted by Wizard
Jan 15 2026
Jan 15 2026
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