SHUI ON LAND (00272) provides guarantee for the issuance of 300 million US dollars of notes by its subsidiary.
Sui On Real Estate (00272) announced that on January 19, 2026, the company and its wholly-owned subsidiary Shui On Development entered into a purchase agreement with Credit Suisse and J.P. Morgan for the issuance of $300 million principal amount 9.75% notes due in 2029 by Sui On Development.
SHUI ON LAND (00272) announced that on January 19, 2026, the company and its wholly-owned subsidiary, Shui On Development, entered into a purchase agreement with UBS and J.P. Morgan for the issuance of $300 million principal amount 9.75% notes due in 2029. The net proceeds from the issuance of the notes are approximately $291 million, intended to be used to pay the consideration and/or expenses payable by Shui On Development under the concurrent purchase offer; and the remaining balance (if any) to be used for refinancing other existing debts and for general corporate purposes. The company is the guarantor of Shui On Development's obligations under the notes and agreement.
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