Truck Loans Australia :: News
SHARE

Share this news item!

Star Entertainment Secures $940M Refinancing Amid Financial Struggles

Star Entertainment Secures $940M Refinancing Amid Financial Struggles

Star Entertainment Secures $940M Refinancing Amid Financial Struggles?w=400
Star Entertainment Group has announced a crucial refinancing plan to address its significant debt obligations.
The casino operator has forged an exclusivity and process deed with Salter Brothers Capital, signalling a potential $940 million refinancing initiative.
This move, if successful, would allow Star to manage its existing debt portfolio effectively and ease the liquidity pressures it currently faces.

The agreement comes after Star's shares faced a trading halt, prompted by failure to finalise a financial statement amidst ongoing efforts to settle over $400 million in debts. This financial distress is compounded by previous issues, including money laundering scandals, regulatory challenges, and declining revenues, which have collectively impacted the company's performance.

Despite these challenges, Star has been approached with multiple refinancing offers. Recently, it sold its stake in the Queen's Wharf Brisbane entertainment precinct for $53 million, thereby offloading its part in the project's $1.6 billion debt. Additionally, US giant Bally's proposed to underwrite a $250 million capital raise for a controlling interest in Star, highlighting its interest in reviving the company's fortunes.

Further complicating matters, Star has entered into a $250 million senior secured bridge facility with King Street Capital Management. The trading suspension on Star's shares is expected to continue as its board deliberates on these potential lifelines, examining options to stabilise the company's operations, which are vital for its 8,000 employees.

Looking ahead, the outcome of these negotiations could reshape Star's financial landscape, potentially revitalising its operational capacity. Analysts will closely observe these developments, with stakeholders eager to see how Star navigates this complex financial predicament.

Published:Tuesday, 11th Mar 2025
Source: Paige Estritori

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Share this news item:

Finance News

RBA Weighs Additional Rate Cuts in Response to Inflation Trends
RBA Weighs Additional Rate Cuts in Response to Inflation Trends
23 Oct 2025: Paige Estritori
The Reserve Bank of Australia (RBA) is currently assessing the necessity for further interest rate reductions in light of ongoing inflationary pressures and a surge in consumer spending. RBA Governor Michele Bullock highlighted that rising costs in home construction and market services suggest that inflation may have exceeded expectations in the third quarter of 2025. - read more
Expanded First Home Guarantee Scheme Poised to Elevate Housing Demand
Expanded First Home Guarantee Scheme Poised to Elevate Housing Demand
23 Oct 2025: Paige Estritori
As of October 1, 2025, the Australian government's expanded First Home Guarantee scheme has come into effect, introducing significant changes designed to make homeownership more accessible for first-time buyers. Key modifications include the removal of income caps, increased property price limits, and the elimination of restrictions on the number of guarantees available. - read more
Investor Lending Hits Multi-Year Highs Driven by Rate Cuts and Rental Demand
Investor Lending Hits Multi-Year Highs Driven by Rate Cuts and Rental Demand
23 Oct 2025: Paige Estritori
Recent data indicates a significant uptick in property investor activity within the Australian housing market. The number of new investor loans has risen substantially over the past two years, with investors now accounting for 38% of all new loans written for property purchases in the three months leading up to June 2025. This equates to nearly 50,000 loans valued at approximately $33 billion. - read more
MitchCap Collaborates with BIA and BIAV to Strengthen Marine Industry Finance
MitchCap Collaborates with BIA and BIAV to Strengthen Marine Industry Finance
23 Oct 2025: Paige Estritori
The Australian marine industry is set to benefit from a significant collaboration between MitchCap, the Boating Industry Association (BIA), and the Boating Industry Association of Victoria (BIAV). This partnership introduces a National Marine Industry Financial Awareness and Development Program designed to enhance the financial acumen of marine businesses across the country. - read more
Club Marine Marks 65 Years as Australia's Premier Boat Insurer
Club Marine Marks 65 Years as Australia's Premier Boat Insurer
23 Oct 2025: Paige Estritori
In 2024, Club Marine, Australia's largest recreational boat insurer, proudly celebrates its 65th anniversary. Since its inception in 1959 as Marine Hull & Liability, the company has evolved from a modest operation in Victoria to a nationwide leader in marine insurance, serving the diverse needs of the Australian boating community. - read more
Click for more Finance News


Truck Loans Articles

How to maintain your truck to extend its lifespan in Australian conditions
How to maintain your truck to extend its lifespan in Australian conditions
Maintaining your truck is essential if you want to prolong its lifespan and save money down the road. Australian conditions can put a lot of strain on your vehicle, and neglecting its maintenance can lead to costly breakdowns and repairs. - read more
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
Commercial vehicle loans in Australia are a vital component in the Continuum of the transportation and logistics industry. They provide businesses and individuals with the necessary funds to acquire trucks and other heavy vehicles critical for their operations. Understanding the nuances of these loans is imperative for anyone in the market for a commercial vehicle. - read more
5 Tips on Securing Low-Interest Rates for Your Vehicle Purchase
5 Tips on Securing Low-Interest Rates for Your Vehicle Purchase
Embarking on the journey of acquiring a commercial vehicle is a significant decision for any business. Securing a loan with a low-interest rate is not just a matter of luck; it involves meticulous planning and a thorough understanding of the lending landscape. This opening section sets the scene for our deep dive into navigating the commercial vehicle loan process with an eye toward minimizing costs and maximizing value. - read more
The Commercial Buyers Guide to Buying a Used Truck in Australia
The Commercial Buyers Guide to Buying a Used Truck in Australia
With the evolution of the logistics industry and small businesses gaining momentum in Australia, the market for used trucks has witnessed substantial growth in recent years. This surge is a testament to the pivotal role commercial vehicles play in driving the economy forward, keeping supply chains agile and businesses thriving. - read more
Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia
Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia
The commercial vehicle market in Australia is a cornerstone of the transportation and logistics industries, with trucks playing an indispensable role. Whether for long-haul deliveries across the vast distances of the continent or for urban distribution, trucks are critical assets for businesses and entrepreneurs alike. This significance makes it essential for commercial vehicle buyers to understand the dynamics of truck resale values in Australia. - read more


Start Here

Get a free truck loan eligibility assessment and compare truck finance and leasing options without accessing your credit file!!
Loan Amount:
Postcode:

Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Mutual Fund:
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.