WhiteHawk Capital Partners, 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. The transaction provides additional liquidity to The Star while refinancing certain existing debt obligations.
The Star is one of Australia’s leading integrated resort operators, with major properties located in Sydney, the Gold Coast, and Brisbane. Its portfolio includes casino, hotel, and entertainment destinations serving domestic and international guests.
The refinancing comes as The Star continues efforts to strengthen its financial position and execute a broader turnaround strategy. Earlier, the company secured A$300 million in equity investments from Bally’s Corporation and Investment Holdings Ltd. The new financing from WhiteHawk is intended to further stabilize the company’s balance sheet and support its ongoing operational transformation.
WhiteHawk said the transaction demonstrates its ability to provide customized financing solutions in complex and highly regulated environments. The firm worked alongside The Star and its stakeholders to structure a refinancing package designed to address the company’s operational and capital structure requirements.
Moelis Australia served as The Star’s exclusive financial advisor for the refinancing transaction.
KEY QUOTES:
“The Star is undergoing transformative change with significant operational and financial challenges. 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.”
Charlie Diao, Group CFO, The Star Entertainment Group
“We are pleased to partner with The Star on this significant financing transaction. The transaction highlights WhiteHawk’s ability to provide speed, certainty, and flexible structuring in complex, highly regulated situations. Our team worked closely with the Company and its stakeholders to deliver a comprehensive refinancing solution tailored to The Star’s operational and capital structure needs.”
Alex Zuckerman, Managing Director, WhiteHawk Capital Partners
