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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.120 -0.005 (-4%)+
Announcement
Release
26 Feb 2026 9:52AM
Price at Release
$0.125
Full Release
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Summary
On 26 February 2026, The Star Entertainment Group Limited announced the execution of a refinancing term sheet with WhiteHawk Capital Partners. This proposal is aimed at refinancing the group's existing debt and providing additional liquidity to support a turnaround plan led by the new management team. While the term sheet signed is non-binding, efforts are being made to secure a binding commitment by the end of March 2026, with the full refinancing expected to be completed by mid-May. The Star is in discussions with its current lenders for covenant waivers to enable this process, though there is no guarantee of success. Notably, the resolution of an ongoing AUSTRAC case is not a condition for this refinancing completion.
Key Points
  • The Star Entertainment Group Limited (SGR) has executed a refinancing term sheet with WhiteHawk Capital Partners.
  • The refinancing proposal aims to address The Star's existing debt and provide additional liquidity for its turnaround plan.
  • The executed term sheet is non-binding and the parties aim for a binding commitment by the end of March 2026 and complete the refinancing by mid-May.
  • Covenant waivers are being negotiated with existing lenders for the December period to facilitate the refinancing.
  • Completion of the refinancing is not dependent on the AUSTRAC case determination.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.