SJM raises over HK$1.5 billion to refinance debt

Grand-Lisboa-Palace

Macau casino operator SJM Holdings has announced the closing of its issuance of senior notes due 2026, raising around HK$1.24 billion (US$160 million) and MOP 298 million (US$12.3 million). 

SJM said it intends to use approximately 90 percent of the net proceeds to refinance existing debt and the rest for general corporate purposes. 

Company release