The Star Entertainment Group (ASX:SGR) is conducting a capital raising by way of a pro-rata accelerated non-renounceable entitlement offer and placement to raise approximately $800M.
The Group says the offer is only available to shareholders with a registered address in Australia or New Zealand, who are not in the United States or acting for the account or benefit of a person in the United States.
It also says Ineligible shareholders will not be able to participate in the offer and their proportionate interest in the company will be diluted as a result.
Net proceeds from the offer will be used to repay debt and increase liquidity.