Refinancing proposal - extension of exclusivity

Key points

• The Star Entertainment Group continues to work with Salter Brothers Capital on a refinancing proposal
• Exclusivity and process deed with SBC has been extended to 1 April 2025
• SBC is working towards making a binding offer of finance by 31 March 2025

Full summary

The Star Entertainment Group Limited (ASX: SGR) has announced that it continues to work with Salter Brothers Capital (SBC) in relation to a refinancing proposal that could provide the group with total debt capacity of up to $940 million. This refinancing proposal was previously addressed in the company's ASX announcements on 7 and 11 March 2025. The company has confirmed that at the request of SBC, the exclusivity and process deed entered into with SBC has been extended to 1 April 2025. SBC has advised that it is working towards making a binding offer of finance with respect to the Refinancing Proposal by 31 March 2025. If accepted by The Star, this would be followed by a further period of exclusivity to enable preparation of long form facility documentation and finalization of conditions precedent.