secwatch.observer — SEC 8-K summary
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Issuer:     Bally's Corp (BALY)
CIK:        0001747079
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001213900-25-013607
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 2.03, 3.02, 3.03, 5.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747079/000121390025013607/0001213900-25-013607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747079/000121390025013607/ea0229518-8k_ballys.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-013607

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