The Star Entertainment Group Limited (ASX:SGR) Withdraws Refinancing Proposal
Status of Refinancing Proposal
The Star Entertainment Group Limited has withdrawn its refinancing proposal after extensive engagement with Salter Brothers Capital and other stakeholders. The lack of a binding debt commitment and unmet lender conditions led to the withdrawal.
Liquidity Concerns
The company remains unable to file its half-year financial report for the period ended December 31, 2024, due to the absence of an appropriate refinancing solution. Material uncertainty persists regarding the Group’s ability to continue as a going concern.
Future Plans
The Star continues to explore liquidity solutions, including a proposal from Bally’s Corporation received on March 10, 2025, aimed at increasing the Group’s liquidity position in the medium term.
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