BUZZ-Australia's Star Entertainment rises on $413 million debt financing offer from Oaktree
ReutersFeb 17, 2025 1:53 AM
Shares of Australia's Star Entertainment SGR.AX rise 8.3% to A$0.13
The embattled casino operator says Oaktree Capital Management has offered to buy out its lenders and is willing to provide A$650 million ($413.66 million) in two debt facilities
Move comes as the troubled casino operator raised concerns about liquidity and cash last month, with only A$79 mln in available cash at the end of the December quarter
SGR to consider the debt financing proposal from Oaktree
SGR stock down 31.6%, YTD
($1 = 1.5713 Australian dollars)
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