Macau’s oldest gaming operator, SJM, has secured a HK $ 19 billion loan facility to help Macau emerge that way. Concessions are extended Until the end of the year.
SJM said on Monday that it had signed a facility agreement with a bank syndicate led by the China Industry and Commerce Bank (Macao) on a HK $ 9 billion term loan facility and a HK $ 10 billion revolving facility for up to HK $ 19 billion. rice field. Loan facility.
According to SJM, most of the new loan facilities will be used to repay existing syndicated loan facilities signed by SJM in September 2016. After refinancing, SJM has an additional HK $ 6 billion liquidity.
The new maturity date for the new loan facility is June 20, 2028.
SJM emphasized that the refinancing plan was approved by the Macau government.
Daisy HoChiu-fung, Chairman of the Board of Directors of SJM, commented: We are preparing to participate in the bid for the next concession in every way and look forward to continuing to contribute to the development of Macau. “
SJM states that it has decided to bid on a new game concession. STDM, a gaming company co-founded by Stanley Ho Hunson, won one of Macau’s three rivals from March 1962 to April 2002, after which its successor, SJM, was new to the local government. When we signed the concession agreement, we made an exclusive concession to the casino in Macau. Macau Post Daily reported on game concessions in international bidding.