Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
The Star Entertainment Group (ASX: SGR) has responded to recent media speculation regarding its refinancing proposal. The company reaffirmed details from its 7 March 2025 ASX announcement, which outlined a proposal that could provide total debt capacity of up to AU$940 million.
If finalized, the refinancing proposal would enable The Star to refinance all existing debt, ensuring sufficient liquidity for the Group. Additionally, The Star confirmed that it has entered into an exclusivity and process deed with Salter Brothers Capital in relation to this refinancing. The company continues to engage with stakeholders to advance discussions and maintain financial stability.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.