SJM and Success Universe Get $308 Million for Macau Resort
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SJM Holdings Ltd. and Success Universe Group Ltd. are guaranteeing the equivalent of about $308 million in five-year syndicated loans to fund construction of the Ponte 16 resort in gambling mecca Macau.
The borrowing comprises a HK$1.9 billion ($244.8 million) loan and a 400 million yuan ($63.5 million) facility, Hoffman Ma, Success Universe’s Hong Kong-based deputy chairman, said in an interview today. Success Universe operates gaming, entertainment and tourist-related businesses.