Bally's Corporation has announced an amended and restated commitment letter, increasing its term loan availability to $1.1 billion. The new agreement provides $600 million in an initial term loan and up to $500 million in a delayed draw term loan, with financing commitments from Ares Management Credit funds, King Street Capital Management, and TPG Credit. The funds will support general corporate purposes, including repayment of existing debt and payment of licensing fees related to Bally's New York State casino license. The term loans will mature five years after closing, unless certain unsecured bonds remain outstanding, in which case the maturity date will be March 1, 2029. The loans are secured by most of Bally's material assets, subject to standard exceptions. Completion of the financing is expected in the first quarter of 2026, pending customary closing conditions.