Bally's completes merger with Standard General and Queen; issues $500M notes

Bally's Corp

Cash consideration of $18.25/share paid to holders of 22.8M shares; 17.9M shares rolled over.
30.5M shares issued to Queen shareholders; total outstanding shares now 48.4M.
Standard General and affiliates now own 73.8% of Bally's common stock.
Issued $500M first-lien senior secured notes due 2028 at 11.00% to fund cash consideration; Apollo provided financing.
Bally's now operates 19 casinos across 11 states; Belle of Baton Rouge and Casino Queen Marquette land-side conversions expected in 2025.

item 1.01 item 2.01 item 2.03 item 3.02 item 3.03 item 5.01 item 5.03 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.