Australian Mercantile Collections

Apollo Global, Capital Management, Varde Partners, Centrebridge keen on Star Entertainment debt

Apollo Global, Capital Management, Varde Partners, Centrebridge keen on Star Entertainment debt

Credit funds such as Apollo Global Management, Capital Management, Varde Partners and Centrebridge Partners have not given up on efforts to assert influence over Star Entertainment, as debt comes up for sale by its lenders.

Sources say that funds are circling for an opportunity to enter the scene as lenders in the business, buying loans at a discount.

Troubled casino operator Star has about $450m of debt, about $200m to $300m of which is with Barclays (the part owner of…

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