Bally's Corporation Enters Third Amendment to Credit Agreement, Extends Revolving Commitments and Adjusts Financial Covenants

Reuters
2025/09/12
Bally's Corporation Enters Third Amendment to Credit Agreement, Extends Revolving Commitments and Adjusts Financial Covenants

Bally's Corporation has entered into a Third Amendment to its Credit Agreement, initially dated October 1, 2021. This amendment, signed on September 11, 2025, involves Bally's, its subsidiary guarantors, various lenders, and Deutsche Bank AG, New York Branch, acting as both administrative and collateral agent. Key provisions of the amendment include a consent for a sale and leaseback transaction of Bally's Twin River Lincoln Casino Resort with Gaming and Leisure Properties Inc. for $735 million. Additionally, Bally's will reduce $500 million in lender commitments or outstanding secured indebtedness following the transaction's completion. The amendment also extends the maturity of $460 million of revolving commitments to October 1, 2028, and adjusts the financial covenant, limiting the first lien net leverage ratio to 4.50:1.00, with a potential reduction to 4.00:1.00 upon completion of an associated transaction with Intralot S.A.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bally's Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-087016), on September 12, 2025, and is solely responsible for the information contained therein.

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