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

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.

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

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Australian Banks Predict Interest Rate Increases in 2026
Australian Banks Predict Interest Rate Increases in 2026
09 Jan 2026: Paige Estritori
As 2026 approaches, Australia's major banks have released forecasts indicating potential interest rate hikes, sparking concerns about a renewed cost of living crisis. The 'big four' banks-Commonwealth Bank, National Australia Bank (NAB), Westpac, and ANZ-have dismissed the likelihood of rate cuts in the coming year, with some predicting increases as early as February. - read more
Wisr's New Secured Motorbike Loans: A Game-Changer for Australian Riders
Wisr's New Secured Motorbike Loans: A Game-Changer for Australian Riders
09 Jan 2026: Paige Estritori
Australian fintech lender Wisr has expanded its product range by introducing secured motorbike loans, aiming to cater to the growing demand for flexible vehicle financing options among Australian riders. This strategic move allows customers to use their motorbikes as collateral, potentially accessing more favourable interest rates compared to unsecured loans. - read more
MotorCycle Holdings Achieves Record-Breaking Revenue in FY2025
MotorCycle Holdings Achieves Record-Breaking Revenue in FY2025
09 Jan 2026: Paige Estritori
MotorCycle Holdings Limited, Australia's largest motorcycle retailer, has reported a record sales revenue of $650 million for the financial year 2025, marking an 11.6% increase from the previous year. This achievement underscores the company's strategic initiatives and resilience in a challenging market. - read more
KTM's €600 Million Lifeline: A New Chapter for the Austrian Motorcycle Giant
KTM's €600 Million Lifeline: A New Chapter for the Austrian Motorcycle Giant
09 Jan 2026: Paige Estritori
Austrian motorcycle manufacturer KTM AG has successfully secured €600 million in funding, enabling the company to fulfill its debt obligations and complete its restructuring plan. This development is particularly significant for Australian riders and dealers who rely on KTM's presence in the market. - read more
Non-Bank Lenders Capture 26% of SME Loan Market
Non-Bank Lenders Capture 26% of SME Loan Market
09 Jan 2026: Paige Estritori
In recent years, non-bank lenders have significantly increased their presence in the Australian small and medium-sized enterprise (SME) financing sector. As of early 2025, these lenders account for 26% of smaller loans to SMEs, marking a notable shift in the financial landscape. - read more


Truck Loans Articles

How to Choose the Right Lender for Your Commercial Truck Loan
How to Choose the Right Lender for Your Commercial Truck Loan
For many Australian businesses, purchasing a commercial vehicle is a significant investment that often requires financial assistance. Understanding the intricacies of truck financing is crucial, as the right loan can affect your company's bottom line and operational efficiency. With a plethora of lenders offering myriad loan products, choosing the most advantageous deal can be daunting. - read more
Essential Checklist for Commercial Vehicle Loan Approval
Essential Checklist for Commercial Vehicle Loan Approval
In the journey to secure a commercial vehicle loan, preparation is key. Just as a vehicle needs to be in perfect condition to hit the road, your loan application requires meticulous attention to detail to ensure a green light from lenders. This article embarks on the essential journey of understanding the critical checkpoints before applying for a commercial vehicle loan. We navigate through the path of prerequisites that pave the way for a seamless approval process. - 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
Maximizing Your Fleet Potential: How Truck Financing Shapes Success
Maximizing Your Fleet Potential: How Truck Financing Shapes Success
Trucks play a pivotal role in the Australian logistics and transport industry, serving as the lifeblood that keeps commerce flowing. The dependable rumble of engines crisscrossing the nation's highways is more than just a symbol of industry; it's a critical component of productivity and economic stability. Without these workhorses facilitating the timely movement of goods, the Australian market would face significant challenges meeting the demands of both businesses and consumers alike. - read more
Interest Rates, Terms, and Fees: What to Look for in Commercial Vehicle Loans
Interest Rates, Terms, and Fees: What to Look for in Commercial Vehicle Loans
Choosing the right commercial vehicle loan is a pivotal decision for any business aspiring to expand its transportation capabilities. For many, commercial vehicles are integral to daily operations, and securing the best financial arrangement to acquire these assets can significantly impact the bottom line. - 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:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Liquidity:
The ease with which an asset or security can be converted into cash without affecting its market price.