Star Entertainment Group (ASX:STR) executed the long-form documentation for its new AU$200 million debt facility with its lenders, according to a Thursday filing with the Australian bourse.
The parties are working to meet the conditions for the company to withdraw the first tranche comprised of AU$100 million, which is available until Dec. 20, the filing said.
The company said that the lenders had agreed to provide a covenant waiver for the next quarterly testing date on Dec. 31.
Star Entertainment Group's shares inched up 2% on market close.
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