SJM completes refinancing of syndicated loan facilities

Macau concessionaire SJM Resorts says it has successfully completed the refinancing of up to HK$19 billion (US$2.44 billion)in syndicated loan facilities – extending its liquidity runway while it navigates the COVID-19 pandemic.

The new facility agreement, led by Industrial and Commercial Bank of China (Macau) Limited, was signed on 20 June representing a HK$9 billion (US$1.15 billion) Term Loan Facility and a HK$10 billion (US$1.28 billion) Revolving Loan Facility.

A substantial portion of the new loan facilities will be used to repay the existing syndicated loan facilities entered into by SJM in September 2016, the company said, while providing SJM with an additional HK$6 billion (US$769 million) of liquidity.

Source: https://www.asgam.com/index.php/2022/06/24/sjm-completes-refinancing-of-syndicated-loan-facilities/