Bally's Secures $1.1 Billion Term Loan Led by Ares Management

Reuters
10 hours ago
Bally's Secures $1.1 Billion Term Loan Led by <a href="https://laohu8.com/S/AREMP">Ares Management</a>

Bally's Corporation has entered into a new term loan credit agreement totaling $1.1 billion with Ares Agent Services, L.P., Ares Management LLC, Platinum Birch Ltd., Angelo, Gordon & Co., L.P., and other lenders. The agreement includes a $600 million closing date term loan and a $500 million delayed draw term loan, both funded on February 11, 2026. The loans mature in 2031, or earlier if certain bonds remain outstanding, and are secured by substantially all of Bally's and its subsidiaries' assets. The agreement also includes mandatory and voluntary prepayment provisions, with associated premiums and fees.

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