Star locks in US$390 million debt refinancing, turns focus to efficiencies and compliance – CDC Gaming

Australia’s Star Entertainment Group said Thursday it has entered into a binding credit facility agreement with funds associated WhiteHawk Capital Partners, effectively locking in refinancing in full of the group’s debt.

This follows the signing of a binding commitment letter between the parties in March.

Under the terms of the credit facility agreement, key features of the refinancing include US$390 million (AU$540 million at current exchange rates) over a three-year term, with annual interest rate “materially consistent”…