Binding Facility Agreement with WhiteHawk Capital Partners
| Stock | The Star Entertainment Group Ltd (SGR.ASX) |
|---|---|
| Release Time | 7 May 2026, 10:16 a.m. |
| Price Sensitive | Yes |
The Star Entertainment Group signs binding facility agreement with WhiteHawk Capital Partners
- 3-year term US$390 million (A$540 million) credit facility
- Annual interest rate based on Term SOFR plus a margin
- Quarterly amortisation commencing from 31 March 2027
- Minimum liquidity covenant of up to A$100 million
The Star Entertainment Group Limited (ASX: SGR) has entered into a binding credit facility agreement with funds associated with WhiteHawk Capital Partners (WhiteHawk) to refinance the Group's debt in full. The 3-year, US$390 million (approximately A$540 million) facility has an annual interest rate based on Term SOFR plus a margin, which is materially consistent with the interest rate under the Company's previous credit facility agreements. The facility includes quarterly amortisation commencing from 31 March 2027, a minimum liquidity covenant of up to A$100 million, and a minimum asset coverage ratio of 1.40x. Following completion of the refinancing, the Group will have additional liquidity of approximately A$130 million to support its ongoing operational needs and the execution of its cost-out and strategic initiatives.