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The Star advised on $800m equity raise by KWM
The Star Entertainment Group Limited has been advised by global law firm King & Wood Mallesons on its equity raising comprising an institutional placement and entitlement offer.
Jerome Doraisamy
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Firm: KWM (The Star)
Deal: The equity raising, KWM said in a statement, 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”, it noted.
Area: Equity capital markets
Value: $800 million
Key players: 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.
Deal significance: Speaking about the raise, Mr 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.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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