Star Entertainment is on the verge of resolving an impasse with lenders after a month of negotiations over debt waivers, in a move that will give the struggling casino giant more time to raise fresh funds and sort out its finances.
Sources with direct knowledge of the negotiations, who were not authorised to speak publicly, said lenders were set to grant Star another six months of relief from covenants, in return for a fee. Star’s also expected to repay some of its debt.
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