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.
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