Bally’s Corporation Closes Previously Announced Financing to Support the Development of the Bally’s Bronx Project
Key Highlights
- ➤$400 million initial term loans closed for Bally’s Bronx project (BALY)
- ➤$160 million additional delayed draw term loan commitments remain available
- ➤$4.0 billion Bally’s Bronx casino project expected to open by 2030
- ➤Project will feature 3 million square feet of gaming facilities
Bally’s Corporation Closes Previously Announced Financing to Support the Development of the Bally’s Bronx Project
Bally’s Corporation (NYSE: BALY) (“Bally’s” or the “Company”) announced today that it closed the previously announced financing led by WhiteHawk Capital Partners, LP. The Company received initial funding of term loans in an aggregate principal amount of $400 million, the proceeds of which will be used to pay certain pre-construction costs and expenditures associated with the development of the Bally’s Bronx project, with a portion applied to general corporate purposes, including payment of transaction fees and expenses incurred at closing. Additional delayed draw term loan commitments in an aggregate amount of $160 million remain available for future draws to support the continued development of the Bally’s Bronx project.
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