SJM HOLDINGS (00880) subsidiary plans to issue $540 million US dollars of senior notes with a maturity in 2031 with a coupon rate of 6.5%.

SJM Holdings (00880) announced that on January 8, 2026, the issuer (the company's wholly-owned subsidiary SJM International Limited), the company, and the initial purchasers entered into a purchase agreement for the issuance of $540 million USD 6.5% senior notes due in 2031. The total proceeds of the issuance will be $540 million USD, with the net proceeds intended for the refinancing of the group's existing debts and general corporate purposes. At the same time as the proposed issuance of the notes, Champion Path Holdings Limited (a wholly-owned subsidiary of the company) and the company are making a cash offer to repurchase any and all of the previously issued 2026 notes.