Street Talk

Star’s long-suffering lenders are starting to become very impatient

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 27, 2024 – 2.10pm

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Star Entertainment’s long-suffering lenders are starting to lose patience with the casino group’s turnaround plans just a year after throwing the company a lifeline with an emergency capital raise.

A handful of Star’s lenders have commenced drip-feeding their holdings to investment banks’ debt trading desks, in hopes of finding buyers for their exposures, people with detailed knowledge of those moves said.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.