The agreement aims to refinance existing debt and provide additional liquidity to support the company’s turnaround plan.
Australia.- The Star Entertainment Group has announced the execution of a refinancing term sheet with WhiteHawk Capital Partners as part of its financial restructuring efforts. According to the ASX announcement, the move would fully refinance The Star’s existing debt while providing incremental liquidity to support the turnaround strategy being implemented by the group’s new management team.
The agreement remains non-binding, with the parties are working towards securing a definitive credit agreement by the end of March 2026. The company expects to finalise the refinancing proposal, including long-form documentation and due diligence processes, by mid-May 2026.
The Star stated it believes it will be able to complete the refinancing process, although there is no guarantee of a binding agreement. The outcome of the ongoing AUSTRAC regulatory case is not a condition for completing the refinancing.
The operator is engaging with existing lenders to obtain covenant waivers related to the December reporting period, which would provide additional time to implement the refinancing. The company noted that there is no assurance these waivers will be granted.
The refinancing initiative is a key component of The Star’s broader efforts to stabilise its financial position and strengthen its balance sheet amid ongoing operational and regulatory challenges.
The agreement aims to refinance existing debt and provide additional liquidity to support the company’s turnaround plan. Australia.- The Star Entertainment Group has announced the execution of a refinancing term sheet with WhiteHawk Capital Partners as part of its financial restructuring efforts. According to the ASX announcement, the move would fully refinance The Star’s existing…
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