WhiteHawk Capital Partners Closes US$390 Million Cross-Border Refinancing for The Star Entertainment Group
WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced the closing of a US$390 million senior secured financing for The Star Entertainment Group Limited (“The Star” or the “Company”). The financing provides The Star with additional liquidity and refinances certain existing indebtedness.
The Star is a leading owner and operator of integrated resorts in Australia, with premier properties in Sydney, the Gold Coast, and Brisbane. The Company’s portfolio includes large-scale casino, hotel, and entertainment destinations that serve both domestic and international customers.
“The Star is undergoing transformative change with significant operational and financial challenges,” according to Charlie Diao, Group CFO of Star. “After the A$300 million equity investments from Bally’s Corporation and Investment Holdings Ltd. to right the ship, it was critical to partner with a single-source capital provider to stabilize our balance sheet. WhiteHawk Capital is an amazing partner and we welcome its commitment to help us deliver a full refinancing under urgent and challenging circumstances.”
