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.
Loading...
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. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
