Sydney-listed casino operator Star Entertainment is looking to raise AUD$1.2 billion as part of a new capital raising and refinancing deal to strengthen its balance sheet.
Having raised $800 million from shareholders in February of this year, the embattled casino operator is tapping shareholders for another $750 million in equity raising, and has agreed $450m of new debt facilities provided by Barclays Bank and Westpac Banking Corporation.
The company believes that the refinancing and capital structure initiatives [...]
