The Star secures binding refinancing commitment with WhiteHawk Capital Partners

The Star Entertainment Group has securied up to US$390m in funding.

Australia.- The Star Entertainment Group has entered into a three-year binding refinancing commitment with funds associated with WhiteHawk Capital Partners. The agreement, announced today (March 30), provides up to US$390m for the refinancing of the group’s existing debt and additional liquidity to support day-to-day operations as the company continues its restructuring process.

The refinancing includes a minimum liquidity covenant starting at A$50m (US$35m) for the first 12 months, increasing to A$75m (US$53m) between 12 and 18 months and A$100m (US$71m) thereafter. EBITDA and asset coverage covenants will take effect from late 2026 and early 2027.

Quarterly amortisation is scheduled to begin on March 31, 2027. An interest reserve account covering the first 12 months of interest payments will also be established as part of the agreement.

Implementation of the refinancing remains subject to several conditions, including regulatory approvals, finalisation of long-form documentation, and the completion of The Star’s disposal of its interest in the Destination Brisbane Consortium.

The company stated it is working to complete the refinancing by May 15, 2026, in line with the conditions of a previously granted waiver from its existing senior lenders.

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See also: The Star secures refinancing term sheet with WhiteHawk Capital Partners

The Star Entertainment Group has securied up to US$390m in funding. Australia.- The Star Entertainment Group has entered into a three-year binding refinancing commitment with funds associated with WhiteHawk Capital Partners. The agreement, announced today (March 30), provides up to US$390m for the refinancing of the group’s existing debt and additional liquidity to support day-to-day…