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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.100 -0.025 (-20%)+
Announcement
Release
30 Mar 2026 9:28AM
Price at Release
$0.125
Full Release
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Summary
The Star Entertainment Group Limited has secured a binding refinancing commitment with WhiteHawk Capital Partners to refinance its existing debt and ensure liquidity for operations. This refinancing, valued at US$390 million or approximately A$550 million, includes a three-year term and is subject to various conditions including regulatory approvals. The refinancing will help The Star maintain operational liquidity with set covenants and aims for completion by 15 May 2026.
Key Points
  • The Star Entertainment Group Limited has entered into a binding refinancing commitment with WhiteHawk Capital Partners.
  • The refinancing aims to cover the group's entire existing debt and provide additional liquidity for operations.
  • The terms include a 3-year term with a quantum of US$390 million, approximately A$550 million.
  • Interest is based on the Term SOFR plus a margin consistent with recent agreements.
  • There are covenants for minimum liquidity and EBITDA.
  • The refinancing is dependent on customary conditions, including regulatory approvals and certain disposals.
  • The Star is targeting completion of the refinancing by 15 May 2026.
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.