Executives from California-based private credit firm WhiteHawk Capital have flown to Australia to visit Star Entertainment’s casinos as they consider whether to lend the challenged operator more than $400 million.
Star, which owns casinos in Sydney, Brisbane, and the Gold Coast, secured another critical debt waiver from existing lenders last month, avoiding immediate default. It is attempting to replace its existing $430 million loan with a new agreement from WhiteHawk before the end of this month.
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