{"id":17843,"date":"2021-05-13T14:29:52","date_gmt":"2021-05-13T14:29:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17843"},"modified":"2026-04-23T19:35:23","modified_gmt":"2026-04-23T22:35:23","slug":"macau-sjm-raises-us160m-from-new-senior-notes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-sjm-raises-us160m-from-new-senior-notes","title":{"rendered":"Macau: SJM raises US$160m from new senior notes"},"content":{"rendered":"\n<p>SJM Holdings has announced it has raised nearly HK$1.24bn (US$160m) and MOP298m (US$12.3m) after the issuance of senior notes due 2026.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>SJM Holdings Ltd<\/strong>\u00a0has announced the closing of the issuance of new senior notes aimed to raise funds.<\/p>\n\n\n\n<p>SJM Holdings stated that <strong>net proceeds from the offering of the senior notes<\/strong>\u00a0reach nearly HK$1.24bn (US$160m) and MOP298m (US$12.3m).\u00a0<\/p>\n\n\n\n<p>The company had announced it would use approximately 90 per cent of the net proceeds from the proposed offering for<strong>\u00a0refinancing syndicated credit facilities<\/strong>.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-posts-us83-3m-loss-for-q1\">SJM Holdings<\/a>\u00a0recently reported a net loss of nearly HK$647m (US$83.3m) for the first quarter of the year 2021, and\u00a0<strong>revenue of HK$485m (US$62.4m) from the VIP sector<\/strong>, down 59.4 per cent.<\/p>\n\n\n\n<p>The company is close to announcing the\u00a0<strong>official launch of the new Grand Lisboa Palace<\/strong>, which it hopes to open by June 2021.<\/p>\n\n\n\n<p><strong>The US$5bn venue<\/strong>&nbsp;will include up to&nbsp;<strong>700 gaming tables and 1,200 electronic gaming machines<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SJM Holdings has announced it has raised nearly HK$1.24bn (US$160m) and MOP298m (US$12.3m) after the issuance of senior notes due 2026.<\/p>\n","protected":false},"author":176,"featured_media":17857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings has successfully raised approximately HK$1.24bn (US$160m) and MOP298m (US$12.3m) through the issuance of senior notes due 2026. The majority of these proceeds are earmarked for refinancing existing syndicated credit facilities, providing crucial liquidity amidst a reported Q1 2021 net loss and a significant decline in VIP sector revenue. This capital injection precedes the anticipated June 2021 launch of its new US$5bn Grand Lisboa Palace integrated resort in Macau.","focusai_entities":"SJM Holdings Ltd., Grand Lisboa Palace","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Refinancing Impact","query":"How will the refinancing of syndicated credit facilities impact SJM Holdings' debt maturity profile and interest expense structure, particularly in the context of its Q1 2021 net loss?"},{"label":"Grand Lisboa Palace ROI","query":"What are the projected revenue and EBITDA contributions from the Grand Lisboa Palace in its initial 12-18 months of operation, and how will its gaming table and EGM allocation influence market share in Macau's evolving competitive landscape?"}],"footnotes":""},"categories":[161,16338,163],"tags":[23906,23108],"class_list":["post-17843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17843"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17843\/revisions"}],"predecessor-version":[{"id":17869,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17843\/revisions\/17869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17857"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}