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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.110 0 (0%)+
Announcement
Release
7 May 2026 10:16AM
Price at Release
$0.110
Full Release
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Summary
The Star Entertainment Group Limited has signed a binding facility agreement with WhiteHawk Capital Partners to refinance its existing debt. The agreement, effective from 7 May 2026, involves a 3-year credit facility amounting to US$390 million, approximately A$540 million, with an interest rate based on Term SOFR plus a margin. The refinancing includes quarterly amortisation from March 2027, various financial covenants, and is set to provide the group with an additional A$130 million in liquidity post completion. This liquidity is aimed at supporting the group’s operational needs and strategic initiatives.
Key Points
  • Binding facility agreement with WhiteHawk Capital Partners
  • Refinancing of US$390 million, approximately A$540 million
  • 3-year term
  • Interest rate based on Term SOFR plus a margin
  • Quarterly amortisation commencing from March 2027
  • Minimum liquidity covenants
  • Additional liquidity of approximately A$130 million
  • Supports operational needs and strategic initiatives
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.