King & Wood Mallesons (KWM) has advised The Star Entertainment Group Limited (The Star) on its equity raising comprising an institutional placement and entitlement offer, which raised $800 million.
The KWM team was led by partners David Friedlander, Rhys Casey and Amanda Isouard, who were supported by senior associates Mitch Fairbairn, Stacey Stellatos and Gemma McMahon, and solicitors Kate Cincotta and Piper Guthrie.
The equity raising forms part of a broader set of key capital structure initiatives being implemented by The Star, which are designed to provide increased financial flexibility and assist The Star to navigate the range of prevailing operating and regulatory uncertainties impacting its business.
Commenting on the transaction, partner Rhys Casey said: “We are proud to have worked with The Star’s new board and management team on this important and complex raising, which is The Star’s largest equity capital raising since its demerger from Tabcorp in 2011.”
KWM also advised on The Star’s equity raising in 2012.
KWM continues to advise ASX listed clients on complex, strategic capital raisings, including by assisting our clients to raise ~$14.5 billion across 2022.
