Macau: STDM extends USD 247.3 M loan to SJM
Friday 05 de August 2022 / 07:24
2 minutos de lectura
(Macau).- Gaming operator SJM Holdings has announced that its controlling company STDM has agreed to extend an unsecured term loan of HK$2 billion (US$ 247.3 million).
The six-year loan, with a 4 per cent interest rate per annum, is provided for investing in SJM Holdings’ subsidiary gaming concessionaire SJM Resorts. The operation is “part of the increase in share capital which SJM Resorts is required to have to pre-qualify for the tender process by which the Macau Government may grant SJM Resorts a 10- year gaming concession commencing on 1 January 2023”, according to a press release issued by the company on Wednesday night.
SJM Holdings also announced that it will raise net proceeds of up to approximately HK$2,936.6 million.
The same announcement states that STDM has agreed “to take up its full entitlement and to apply for excess applications representing 50% of the maximum excess rights shares”.
The remaining half will be underwritten by BNP Paribas Securities (Asia) Limited.
“Both the Loan and the Rights Issue bolster the Company’s balance sheet position and liquidity and will place SJM Resorts in a strong position to participate in the tender for new Macau gaming concessions later this year”, said Daisy Ho, Chairman and Executive Director of SJM Holdings Limited, as quoted in the same press release.
In June SJM Resorts announced that it had reached an agreement with a banking syndicate led by Industrial and Commercial Bank of China (Macau) for syndicated loan facilities of up to HK$19 billion (US$ 2.34 billion).
Categoría:Gaming
Tags: Sin tags
País: Macao
Event
Peru Gaming Show 2025
18 de June 2025
Successful closing of Peru Gaming Show 2025
(Lima, SoloAzar Exclusive).- With a great attendance and an agenda full of innovation, the 2025 edition of Peru Gaming Show (PGS), one of the most relevant events of the gaming industry in Latin America, came to a successful conclusion.
Friday 20 Jun 2025 / 12:00
PGS 2025: The Future of Gaming in Latin America is Discussed Today in Lima
(Lima, SoloAzar Exclusive).- The second day of Peru Gaming Show 2025 is packed with innovation, networking, and strategic analysis. With 87 exhibitors, keynote addresses, and business opportunities, today's discussion focuses on challenges in marketing, regulation, and the evolution of online gaming. Learn more in this article.
Thursday 19 Jun 2025 / 12:00
PGS 2025: The Largest Games of Chance Event in Latin America Starts Today, Bringing Together the Industry in Lima
(Lima, SoloAzar Exclusive).- Peru Gaming Show, the largest international gaming show in Latin America with 22 years of experience, begins a new edition today at the Jockey Exhibition Center. PGS covers topics of interest to the industry and will bring together more than 8,000 visitors from around the world to learn about the latest developments and interact with industry executives. Learn more in this article.
Wednesday 18 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.