{"id":30839,"date":"2022-06-16T04:12:07","date_gmt":"2022-06-16T07:12:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30839"},"modified":"2026-04-23T07:43:35","modified_gmt":"2026-04-23T10:43:35","slug":"sjm-holdings-refinancing-plan-gets-final-approval","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-refinancing-plan-gets-final-approval","title":{"rendered":"SJM Holdings refinancing plan gets final approval"},"content":{"rendered":"\n<p>Banks have granted their approval of the plans following government approval last month.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-&nbsp;<strong>Daisy Ho Chiu Fung<\/strong>, chairman of SJM Holdings, has confirmed the company has received banks\u2019 approval for its&nbsp;<strong>plan to refinance its existing bank loans&nbsp;<\/strong>with a new loan line of HK$19.0bn (US$2.44bn). The authorities in Macau had already&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/authorities-approve-sjm-holdings-refinance-plan\" target=\"_blank\">approved the plan in May<\/a>&nbsp;and the company was only waiting for the banks\u2019 approval.<\/p>\n\n\n\n<p>According to analysts at Morgan Stanley, the refinancing will provide the company with HK$6bn of additional liquidity as it draws down HK$13bn of previous loans. The new maturity date for the lines will be 2028.&nbsp;<\/p>\n\n\n\n<p>In May, it was also revealed the casino operator could access a HK$5bn (US$637m) loan from&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-could-access-us637m-loan-from-shareholder-stdm\" rel=\"noreferrer noopener\">controlling shareholder STDM<\/a>&nbsp;to confront liquidity problems after the company&nbsp;<strong>posted a loss of HK$1.28bn (US$163.4m)&nbsp;<\/strong>for the first quarter of the year.<\/p>\n\n\n\n<p>In the first three months of the year,<strong>&nbsp;SJM\u2019s VIP gaming revenue was HK$344m, down 29.1 per cent year-on-year<\/strong>. Gross gaming revenue for the mass market was just under HK$2.06bn, up 0.3 per cent year-on-year. Slot machine GGR totalled HK$139m, an increase of 19.5 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks have granted their approval of the plans following government approval last month.<\/p>\n","protected":false},"author":176,"featured_media":25400,"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 secured bank approval for a HK$19.0bn (US$2.44bn) refinancing package, extending its loan maturity to 2028 and providing HK$6bn in additional liquidity. This follows prior government approval and addresses the company's recent financial challenges, including a Q1 loss and mixed GGR performance across gaming verticals.","focusai_entities":"SJM Holdings, Daisy Ho Chiu Fung, Morgan Stanley, STDM","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":"Liquidity Impact Analysis","query":"How will the HK$6bn additional liquidity impact SJM Holdings' operational expenditure and capital allocation strategies, particularly concerning non-gaming investments and market diversification?"},{"label":"GGR Segment Performance","query":"What are the specific drivers behind the divergent GGR performance across VIP, mass market, and slot verticals, and what is SJM's strategy to optimize revenue mix going forward?"}],"footnotes":""},"categories":[157,16338],"tags":[23108],"class_list":["post-30839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30839","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=30839"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30839\/revisions"}],"predecessor-version":[{"id":30873,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30839\/revisions\/30873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25400"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}