Reported 4 days ago
Star Entertainment announced a potential lifeline as Oaktree Capital proposed to refinance A$650 million of its debt, leading to an 8.3% surge in its shares. The company, facing financial struggles and regulatory challenges, is considering the offer, which could result in significant dilution for current shareholders. Oaktree's proposal requires the fulfillment of several conditions, including government approvals and a thorough security package.
Source: YAHOO