(AsiaGameHub) –   The Star Entertainment Group confirmed on Thursday that it has finalized a $390 million refinancing agreement with WhiteHawk Capital.

This refinancing will provide the company with an extra $50 million in liquidity by restructuring its current debts and offering the option to refinance new obligations.

The three-year facility incorporates a tiered minimum liquidity requirement, starting at AU $50 million for the initial 12 months, then rising to AU $75 million, and further to AU $100 million after 18 months.

Furthermore, the refinancing outlines a timeline for anticipated financial reporting obligations, which include:

• December 2026 – Asset coverage stipulations,
• March 2027 – EBITDA conditions,
• March 2028 – Commencement of quarterly amortization.

Star anticipates finalizing this refinancing by May 15, 2026, to meet the terms linked to waivers previously granted by its senior lenders.

This refinancing forms part of a wider corporate restructuring. Bally’s Corporation and its affiliates invested AU $300 million into Star’s operations in August 2025, leading to a change in its ownership framework.

Moreover, Star has undertaken various management adjustments and enacted cost-reduction strategies, such as office closures and workforce reductions. The company is also actively pursuing an exit from its stake in the Queen’s Wharf Brisbane joint venture, contingent on its creditors releasing the AU $700 million debt guarantee.