• 3-year term refinancing of existing debt for US$390 million
• Quarterly amortisation commencing from March 2027
• Minimum liquidity and asset coverage ratio covenants

The Star Entertainment Group Limited (ASX: SGR) has announced that it has entered into a binding commitment letter with funds associated with WhiteHawk Capital Partners for the refinancing of the Group's existing debt. The refinancing provides for a full refinance of existing Group debt and incremental liquidity to retain sufficient liquidity for ordinary course of operations. Key terms of the refinancing include a 3-year term, a quantum of US$390 million (approximately A$550 million), an annual interest rate based on the Term SOFR plus a margin, quarterly amortisation commencing from 31 March 2027, a minimum liquidity covenant, a minimum asset coverage ratio, and a minimum EBITDA covenant. The refinancing is subject to customary conditions precedent, including entry into long form finance documentation, receipt of required regulatory approvals, and completion of the disposal of The Star's interest in Destination Brisbane Consortium. The Star is working to complete the refinancing by no later than 15 May 2026 to satisfy the conditions of the waiver given by its existing senior lenders.