Core Viewpoint - SF Holding Investment Limited and SF Holding Investment 2021 Limited announced a tender offer to repurchase up to $350 million of their outstanding bonds to optimize capital structure, reduce financing costs, and provide liquidity to bondholders [2][3]. Group 1: Bond Issuance Details - SF Holding Investment Limited issued $700 million bonds in February 2020 with a 10-year term and a coupon rate of 2.875% [1]. - SF Holding Investment 2021 Limited issued $500 million bonds in November 2021 and later increased it by $300 million in January 2022, both with a 10-year term and a coupon rate of 3.125% [1]. Group 2: Tender Offer and Repurchase - The tender offer includes a maximum acceptance scale of $350 million for both SF HLDG N3002 and SF HLDG N3111 bonds [2]. - As of May 30, 2025, bondholders submitted $101,371,000 of SF HLDG N3002 bonds (15.50% of the remaining balance) and $78,306,000 of SF HLDG N3111 bonds (10.88% of the remaining balance) for repurchase [3]. - The repurchase price for SF HLDG N3002 bonds is set at $943.50 per $1,000 of principal, with corresponding interest payments [3].