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An update from Star Entertainment Group Limited ( (AU:SGR) ) is now available.
The Star Entertainment Group has secured a new three-year US$390 million credit facility with funds associated with WhiteHawk Capital Partners, refinancing its existing debt in full. The facility, broadly in line with the pricing of its previous arrangements, introduces new financial covenants including staged minimum liquidity thresholds, an asset coverage ratio, and an EBITDA covenant starting in 2027.
After funding a 12‑month interest reserve, the refinancing is expected to provide around A$130 million in additional liquidity to support ongoing operations and cost‑out and strategic initiatives. Completion of the deal, anticipated today, will also satisfy conditions attached to waivers from the company’s former senior lenders and replace its prior A$400 million syndicated facility, easing near‑term financing pressure on the group.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited is an Australian gaming and entertainment operator best known for its casino properties. The company generates revenue from gaming, hospitality, and related leisure services, targeting domestic and international visitors across its integrated resort assets.
Average Trading Volume: 4,980,488
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$729.9M
Learn more about SGR stock on TipRanks’ Stock Analysis page.