Star Entertainment Extends AU$940 Million Rescue Deal Exclusivity Period

MT Newswires Live

03-26

Star Entertainment Group (ASX:SGR) said the exclusivity period given to potential refinancier Salter Brothers Capital has been extended to April 1, according to a Tuesday filing with the Australian bourse.

Salter Brothers Capital is preparing to make a AU$940 million binding refinancing offer by March 31, per the filing. If Star Entertainment accepts the offer, another period of exclusivity would be triggered.

Star Entertainment said the refinancing proposal would give it enough liquidity to refinance all of its existing debt, the filing stated.

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