Bally’s Corporation announced it secured additional commitments to increase the extended maturity tranche of its revolving credit facility (RCF) to $510 million, with a new maturity date of October 1, 2028. This expansion provides Bally's with greater liquidity and financial flexibility.
All RCF lenders, now representing an aggregate of $670 million in commitments, have consented to the proposed sale and leaseback of Bally’s Twin River Lincoln Casino Resort. This broad lender approval is a critical step forward for the transaction.
This development further solidifies the path for the Twin River Lincoln sale-leaseback, a transaction that involves Gaming and Leisure Properties, Inc. as per a binding term sheet. The increased credit commitments and widespread lender consent are positive indicators for Bally's financial health and its ability to execute strategic real estate transactions with partners like GLPI.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.