Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form
40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes X No
If yes is marked, indicate below this file number assigned to the registrant in connection with Rule 12g-3-2(b): N/A
Page 1 of 3
Exhibit Index is on Page 3
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: | October 29, 2001 | SUN INTERNATIONAL HOTELS LIMITED |
|
||
By: | /s/John R. Allison | ||||
Name: | John R. Allison | ||||
Title: | Executive Vice President | ||||
Chief Financial Officer |
Page 2 of 3
Exhibit | Description | |
---|---|---|
99 |
Press Release on October 29, 2001 Kersaf Defaults on Interest Payment - Sun International Accelerates $12 Million Note |
Page 3 of 3
Exhibit 99
FROM: |
Sun International Hotels Limited |
|
The Bahamas |
|
Contact: Charles D. Adamo |
|
Tel: +1.242.363.6017 |
FOR IMMEDIATE RELEASE
KERSAF DEFAULTS ON INTEREST PAYMENT--SUN INTERNATIONAL
ACCELERATES $12 MILLION NOTE
PARADISE ISLAND, The Bahamas, October 29, 2001 Sun International Hotels Limited (NYSE: SIH) today announced that it has accelerated the maturity date of the Promissory Note in principle amount of $12 million issued by Royale Resorts Holdings Limited, a subsidiary of Kersaf Investment Limited. The acceleration of the payment of the Promissory Note is a result of a default by Royale in making its interest payment of $266,301.37, which was due on September 30, 2001.
According to the terms of the Promissory Note and acceleration notice, Royale is obligated to immediately pay the outstanding amount of the Promissory Note of $12 million, plus all accrued interest. Interest shall continue to accrue at a default rate of 11% per annum until all amounts owed to SIHL are paid. The Promissory Note was scheduled to mature on June 30, 2003.
Inquiries should be directed to Charles D. Adamo, Executive Vice President--General Counsel of Sun International Hotels Limited at 1.242.363.6017
ENDS
Contact:
Mr. Charles D. Adamo
Executive Vice President--General Counsel,
Sun International Hotels Limited, Nassau, Bahamas
Tel: + 1-242-363-6017
e-mail charles.adamo@sunint.com
S9LT#-T_J/)GRI<^?0%UNFDBT:-$#09,J78J0E-&G4)$RG4JUJM6K
M6)>22B*EJ]>O7[>(';MIBTQ2F\Z2RLJV[<`#4./*=4OW*JDM4O""W2LEB5^_
M`))`K5BWL.'#B`O+71Q1\-^_A!-+Y@B7L>6BDS-K?&C9+%K.$+>4%5UV--Z>
MFE,K9+SVX($M$".KGHT1@=S6"NU%Q$V[=\)[<5$S'`I1N._C`H$_W>@T-O+G
M_YH7-7X1-&_HLZ535"GQ.G;-VB6N_U0.4>KWU.2[LYQX7G7EB=0W2TS27K-N
MHBW3`S!?/S%1^BR]%U%_DQ$7D10M"5@>@8G==V""1"'((&*"-08A?A,>IF!+
MX2V8H6&@[<=2A1-Y]V%;$FVQDH,3J7AB80*N%*)$$KY8%WDU:F2;40#:>&-$
M_&$$58\^TO5>D`S%E6.1=%4HVT)RN