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Star hopes to complete deal by mid-May
Australian casino operator Star Entertainment has secured a binding commitment for $390m in refinancing with funds associated with private credit investment manager WhiteHawk Capital Partners as the company looks to refinance its existing debt.
Star said the three-year facility will fully refinance its existing group debt and deliver incremental liquidity to support ordinary course operations.
Star stated: “The Star Entertainment Group refers to its announcement on 26 February 2026 and announces that it has, on 27 March 2026, entered into a binding commitment letter with funds associated with WhiteHawk Capital Partners (WhiteHawk) in relation to a refinancing of the Group’s debt (Refinancing). The Refinancing provides for a refinance of existing Group debt in full and incremental liquidity to retain sufficient liquidity for ordinary course of operations.”
“Implementation of the Refinancing is subject to the satisfaction of conditions precedent customary for a financing of this nature, including, among others, entry into long form finance documentation, receipt of required regulatory approvals, completion of the disposal of The Star’s interest in Destination Brisbane Consortium (DBC) and other customary financial close deliverables. The Star is working expeditiously to complete the Refinancing by no later than 15 May 2026.”
