Star in talks with Salter Brothers for up to $589 million refinancing

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Star in talks with Salter Brothers for up to $589 million refinancing

//media-entertainment.news-articles.net/content/ .. -brothers-for-up-to-589-million-refinancing.html

Published in Media and Entertainment on Monday, March 10th 2025 at 20:04 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Star Entertainment has opened its books to property funds manager, Salter Brothers, to potentially refinance all the embattled casino firm's debt through an up to A$940 million ($589.47 million) refinancing package.

Star Entertainment Group is in advanced talks with the Salter Brothers to secure a A$900 million ($589 million) refinancing deal, aiming to extend its debt maturities and bolster its financial position. The discussions involve replacing existing debt facilities due in 2024 and 2025 with new loans, including a A$450 million term loan, a A$250 million revolving credit facility, and an additional A$200 million for liquidity. This move comes as Star Entertainment faces regulatory scrutiny and operational challenges, with the refinancing intended to provide financial stability and support its ongoing operations and potential recovery efforts.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/star-talks-with-salter-brothers-up-589-million-refinancing-2025-03-10/ ]

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