Star Entertainment Opens Books to Salter Brothers for $940 Million Debt Lifeline

2 min read | March 10, 2025 06:19 PM PDT | By Team Kalkine Media

Star Entertainment Opens Books to Salter Brothers for $940 Million Debt Lifeline — Image source: Shutterstock

Details of the Refinancing Proposal

Under the proposed deal, Salter Brothers would provide an initial AU$750 million to Star Entertainment. The package also includes the flexibility for Star to pay interest-in-kind for a period, which could ease immediate cash flow pressures.

The total debt capacity could rise to AU$940 million, including interest, contingent on Star maintaining at least AU$50 million in cash reserves. This structure aims to give Star breathing room while addressing its short-term liquidity challenges.

Critical Deadline Approaching

Both companies have set a deadline of March 18 to finalize the funding package. The deal’s success could be crucial for Star as it navigates financial headwinds and regulatory pressures following recent struggles in Australia’s gaming sector.

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