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.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10