WhiteHawk Capital Partners, a private credit investment manager focused on asset-based financing solutions, closed a $390 million senior secured financing for The Star Entertainment Group. The financing provides The Star with additional liquidity and refinances certain existing indebtedness.
“The Star is undergoing transformative change with significant operational and financial challenges,” Charlie Diao, group chief financial officer of Star, said. “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.”
Alex Zuckerman, managing director at WhiteHawk Capital Partners, added, “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.”
Moelis Australia acted as exclusive financial advisor to The Star with regards the refinancing with WhiteHawk.
