Bally’s receives $400M in Bronx project financing
The initial loan proceeds will pay certain Bronx pre-construction costs and some general corporate expenses; $160 million remains available for future project draws.
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Form Type
8-K
Rhea-AI Filing Summary
Bally’s Corporation said Bally’s New York Operating Company, LLC, its indirect wholly owned subsidiary, and certain other subsidiaries entered an amended and restated loan and security agreement with WhiteHawk Capital Partners, LP, as agent for the lenders. The agreement added certain subsidiaries formed for the Bally’s Bronx project as obligors. Its $400 million closing-date term loan commitments were fully funded on October 1, 2026. Proceeds will pay certain pre-construction costs and project expenditures, with a portion used for general corporate purposes, including transaction fees and expenses.
$160 million in delayed-draw term loan commitments remains available for future draws for certain Bronx project pre-construction costs and expenditures. The $4.0 billion integrated casino project is expected to open by 2030 and is described as including 3 million square feet of gaming facilities, a 500-room hotel, a 2,000-person event center and an 18-hole golf course. Other material loan terms are consistent with those of the prior loan agreement.
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8-K Event Classification
4 items: 1.01, 2.03, 7.01, 9.01
4 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Closing-date term loan commitments: $400 million
Delayed-draw term loan commitments: $160 million
Bally’s Bronx project: $4.0 billion
+5 more
8 metrics
Closing-date term loan commitments
$400 million
Fully funded on October 1, 2026
Delayed-draw term loan commitments
$160 million
Available for future draws for the Bally’s Bronx project
Bally’s Bronx project
$4.0 billion
Integrated casino project
Expected opening
By 2030
Bally’s Bronx project
Gaming facilities
3 million square feet
Bally’s Bronx project
Hotel
500 rooms
Bally’s Bronx project
Event center
2,000 people
Bally’s Bronx project capacity
Golf course
18 holes
Bally’s Bronx project
Key Terms
delayed draw term loan commitments, obligors, aggregate principal amount
3 terms
delayed draw term loan commitments financial
"delayed draw term loan commitments in an aggregate amount of $160 million"
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.
obligors financial
"added as obligors under the A&R Loan Agreement"
Obligors are the people, companies, or entities legally required to fulfil a financial duty—most commonly to repay a loan, pay interest, or meet terms of a contract. Investors pay attention to obligors because their ability and willingness to meet those promises directly affects the safety and value of bonds, loans, or other investments; think of an obligor as the borrower whose creditworthiness determines how risky a loan is.
aggregate principal amount financial
"term loans in an aggregate principal amount of $400 million"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did Bally’s (BALY) receive in the Bronx project financing?
Bally’s announced initial funding of term loans in an aggregate principal amount of $400 million, fully funded on October 1, 2026. Proceeds will pay certain pre-construction costs and project expenditures, with a portion applied to general corporate purposes, including transaction fees and expenses.
How much remains available from Bally’s (BALY) delayed-draw financing?
$160 million in delayed-draw term loan commitments remains available for future draws to fund certain pre-construction costs and expenditures associated with development of the Bally’s Bronx project.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
_______________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2026
________________________
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| (Address of Principal Executive Offices and Zip Code) | ||||||||
________________________
(401 ) 475-8474
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12 (b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). □
Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On October 1, 2026, Bally’s New York Operating Company, LLC, an indirect wholly owned subsidiary of Bally’s Corporation (“Bally’s” or the “Company”), and certain other subsidiaries of Bally’s entered into an amended and restated loan and security agreement with WhiteHawk Capital Partners, LP, as agent for the lenders, and the lenders from time to time party thereto (the “A&R Loan Agreement”), which amended and restated in its entirety the loan and security agreement, dated as of September 4, 2026, previously described in the Current Report on Form 8-K filed by the Company on September 14, 2026 (the “Prior Loan Agreement”).
Pursuant to the A&R Loan Agreement, certain additional subsidiaries of Bally’s formed in connection with the Bally’s Bronx project were added as obligors under the A&R Loan Agreement.
The $400 million closing date term loan commitments made available under the A&R Loan Agreement were fully funded on October 1, 2026. An additional $160 million of delayed draw term loan commitments remain available for future draws to fund certain pre-construction costs and expenditures associated with the development of the Bally’s Bronx project.
The other material terms of the A&R Loan Agreement are consistent with the terms of the Prior Loan Agreement previously disclosed in the Current Report on Form 8-K filed by the Company on September 14, 2026.
The foregoing description is only a summary of the material amendments of the A&R Loan Agreement and does not purport to be complete and is qualified in its entirety by the full text of that agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 7.01 Regulation FD Disclosure.
On October 2, 2026, Bally’s issued a press release announcing the entry into the A&R Loan Agreement described in Item 1.01 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 and incorporated by reference into this Item 7.01. The information provided pursuant to this Item 7.01, including Exhibit 99.1 in Item 9.01, is “furnished” and shall not be deemed to be “filed” with the SEC or incorporated by reference in any filing under the Exchange Act or the Securities Act, except as shall be expressly set forth by specific reference in any such filings.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | Press Release dated October 2, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BALLY'S CORPORATION | ||||||||
| By: | /s/ Kim M. Barker | |||||||
| Name: | Kim M. Barker | |||||||
| Title: | Chief Legal Officer | |||||||
Date: October 2, 2026
Exhibit 99.1
BALLY’S CORPORATION CLOSES PREVIOUSLY ANNOUNCED FINANCING TO SUPPORT THE DEVELOPMENT OF THE BALLY’S BRONX PROJECT
PROVIDENCE, R.I., October 2, 2026 — 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.
The $4.0 billion Bally’s Bronx integrated casino project is expected to open by 2030 and will feature 3 million square feet of gaming facilities, a 500-room hotel, a 2,000-person event center, and an 18-hole world-class golf course.
Citizens Capital Markets & Advisory 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.
| Investor Contact | Media Contact | |||||||
| Lauren Westerfield | Joseph Jaffoni, Christin Armacost | |||||||
| Global Vice President Public Relations | JCIR | |||||||
| 401-475- 8474 | 212-835-8500 | |||||||
| ir@ballys.com | baly@jcir.com | |||||||