Shui On Land Guarantees $300 Million Note Issuance by Subsidiary

Deep News
Jan 20

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 concerning Shui On Development's issuance of $300 million in aggregate principal amount of 9.75% notes due 2029.

The net proceeds from the note issuance, amounting to approximately $291 million, are intended to be used to pay the consideration and/or expenses payable by Shui On Development under a concurrent tender offer; and the remaining balance, if any, will be used for refinancing other existing indebtedness and for general corporate purposes.

The company acts as the guarantor for Shui On Development's obligations under the notes and the indenture.

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