Australia’s Star Entertainment Group is said to have hosted senior executives from US-based WhiteHawk Capital Partners at its Australian integrated resorts as it looks to secure a AU$400 million (US$280 million) refinancing of the group’s debt.
Local media outlet the Australian Financial Review is reporting that the executives, including Whitehawk’s Managing Director Alex Zuckerman, visited the three Star properties last week – accompanied by recently appointed Star chairman Soo Kim – as they consider whether to sign a binding agreement. It is likely Star wanted the private credit firm to fully understand the scale and potential of the company it was lending to in order to secure the refinancing.
