Bally’s Corporation announced it secured an extension of $460 million of its revolving credit facility (RCF) commitments to a new extended maturity date of October 1, 2028. This amendment provides Bally's with enhanced financial flexibility.
Crucially, all RCF lenders, representing $620 million in commitments, consented to the proposed sale and leaseback of Bally’s Twin River Lincoln Casino Resort. This consent is a significant step towards the completion of the SLB transaction, which involves Gaming and Leisure Properties, Inc. as per a binding term sheet.
The successful extension of the credit facility and the lender consent for the sale-leaseback transaction are important developments for Bally's, a major tenant for GLPI. This facilitates Bally's capital management and opens the path for GLPI to potentially expand its portfolio through this anticipated transaction.
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