Bally’s Corporation Secures New Financing to Support the Development of the Bally’s Bronx Project

Bally’s Corporation (BALY) arranged new term loan facilities totaling $560 million to support the Bally’s Bronx project and general corporate purposes.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Bally’s Corporation (NYSE: BALY) (“Bally’s” or the “Company”) announced today that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally’s Bronx project and general corporate purposes. The new financing comprises closing date term loan commitments in an aggregate principal amount of $400 million and delayed draw term loan commitments in an aggregate principal amount of $160 million (together, the “Facilities”).

Proceeds of the loans advanced under the Facilities (the “Loans”) will be used to fund certain pre-construction costs and expenditures associated with the development of the Bally’s Bronx project, with a portion of the proceeds available to the Company for general corporate purposes. The new financing is expected to close in the third quarter of 2026, subject to regulatory approval and the satisfaction of other customary closing conditions.

Bally’s Chairman of the Board, Soo Kim, commented, “This important financing allows us to progress the pre-construction planning process so that we are ready to complete the remainder of the capital raise and remain on schedule. Furthermore, the additional liquidity provides us greater flexibility for other capital opportunities.”

“We are pleased to partner with Bally’s on this important next phase of the Bronx project,” said Bob Louzan, Managing Partner at WhiteHawk Capital Partners. “This financing reflects our ability to structure flexible capital solutions for complex transactions and will support the project’s pre-construction work as Bally’s advances its broader financing plan.”

Citizens Capital Markets served as financial advisor to Bally’s Corporation. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to Bally’s Corporation.

About Bally’s Corporation

Bally’s (NYSE: BALY) is a fast-growing global entertainment brand with 20 casinos across 11 U.S. states and one casino in Newcastle, UK, along with a golf course in New York and horse racetracks in Colorado and forthcoming in Wyoming. Bally’s also owns Bally Bet, a first-in-class sports betting and igaming platform licensed in 16 jurisdictions in North America. Bally’s holds a majority interest in Bally’s Intralot S.A. (ATSE: BYLOT), a leading lottery solutions supplier and gaming operator active in 39 jurisdictions worldwide. Bally’s casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally’s also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas, has been awarded a license to build a full-scale casino and resort in The Bronx, New York, and an integrated destination resort in Chicago, Illinois. Bally’s is the first publicly traded gaming company to achieve Minority Business Enterprise (MBE) certification through the National Minority Supplier Development Council (NMSDC). Bally’s has over 12,000 employees across the world, recognized for their innovation, energy, and dedication to creating thrilling gaming experiences.

About WhiteHawk

WhiteHawk Capital Partners, LP is a private credit investment manager focused on asset-based financing solutions primarily to middle market private and public companies across a variety of industries. WhiteHawk provides senior secured financings under a variety of structures for purposes of refinancing, recapitalization, growth, acquisition, restructuring, bridge, and DIP/emergence. For more information visit www.whitehawkcapital.com or contact info@whitehawkcapital.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward looking statements may generally be identified by the use of words such as “anticipate,” “believe,” “expect,” “intend,” “plan” and “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by Bally’s in this press release, its reports filed with the Securities and Exchange Commission (“SEC”) and other public statements made from time-to-time speak only as of the date made. New risks and uncertainties come up from time to time, and it is impossible for Bally’s to predict or identify all such events or how they may affect it. Bally’s has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include those included in Bally’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by Bally’s with the SEC. These statements constitute Bally’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260914125517/en/

Investor Contact
Lauren Westerfield
Global Vice President Public Relations
702-423-1244
ir@ballys.com

Media Contact
Joseph Jaffoni, Christin Armacost
JCIR
212-835-8500
baly@jcir.com

Source: Bally's Corporation

Key Terms

term loan commitments financial

A term loan commitment is a lender’s binding promise to provide a borrower a loan for a fixed amount that is paid out up front or in installments and repaid over a set schedule with a defined maturity. Think of it like a guaranteed mortgage or car loan for a company; it matters to investors because it changes a company’s available cash, debt level, interest cost and covenant obligations, which affect financial stability and future flexibility.

delayed draw term loan commitments financial

A delayed draw term loan commitment is a lender's promise to make one or more fixed-term loans that a borrower can take later during a specified availability period, subject to agreed conditions, documentation and any covenant tests. For investors, it shows a company’s access to committed future cash — like a scheduled credit tap — which affects liquidity, plans to refinance or fund growth and the timing of increased leverage or covenant triggers.