A parcel of loans to troubled casino operator Star Entertainment have been pitched to investors by a fixed-income broker in a sign some of Star’s lenders may be considering offloading their positions, amid a gruelling second Bell inquiry and further turnover of talent.
Star Entertainment raised $300 million of four-year senior secured debt in November 2023 from a syndicate of private debt funds to accompany its $750 million equity raising at the time.
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