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Stock impact report

Bally’s Corporation Announces Increase to Its Revolving Credit Facility Commitments

Bally's Corporation (BALY) 
Company Research Source: Business Wire
Increases Revolver Commitments to $670 Million with Additional Lender to Extension TrancheUnanimous Consent from $670 Million in Total Commitments from Revolver Lenders in Support of the Twin River Lincoln Sale and LeasebackIncrease to $510 Million in Commitments as Part of Extended Revolver Tranche with New October 2028 Maturity PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally’s Corporation (the “Company” or “Bally’s”) (BALY: NYSE) announced today that it secured additional commitments to the extended maturity tranche to increase to $510 million of its revolving credit facility (“RCF”) commitments due October 1, 2028. In addition, the new RCF lender, along with all existing RCF lenders, representing an aggregate $670 million in commitments, have now consented to the proposed sale and leaseback of the Company’s Twin River Lincoln Casino Resort (the “SLB Transaction”) pursuant to an existing agreement between the Company and Gaming and Leisure Properties Inc. (“GLPI”) (GLPI: Nasdaq) for cas Show less Read more
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