Bally's extends $460M revolver to 2028, consents to $735M Twin River sale-leaseback

Bally's Corp

Extended $460M of revolving commitments to Oct 1, 2028 with springing maturity provisions.
Financial covenant reduced to first lien net leverage of 4.50x (step-down to 4.00x post-Intralot deal).
$620M of revolving lenders unanimously consented to the $735M sale-leaseback of Twin River Lincoln with GLPI.
Company must reduce $500M secured debt within 10 business days after SLB closing; 7.5% revolver cut plus pro-rata term/note prepayments.
SLB requires additional lender consents (majority of combined revolver/term loans) and regulatory approvals; no assurance of closing.

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