A new financing deal for Star Entertainment Group could be enough to cover the beleaguered casino operator’s sizeable debts.
Star confirmed it had entered into an exclusivity and process deed with Salter Brothers Capital, after hinting at the $940 million refinancing proposal earlier in March.
“(The Star) received a refinancing proposal which has the potential to provide total debt capacity for the group of $940 million,” Star’s board wrote to shareholders.
“Which, if finalised, would provide the Star with sufficient liquidity to refinance all of the Group’s existing debt.”
Star’s board provided no further…
