Bally's Corp (BALY): debt financing — Bally's enters $1.1B senior secured term loan facility with Ares, others

Bally's Corp

$1.1B total: $600M closing date term loan + $500M delayed draw term loan, both funded on Feb 11, 2026.
Interest rate: SOFR + 7.50% (ABR + 6.50%) with 3.00% floor; PIK option up to 3.50% per annum.
Maturity Feb 11, 2031 (accelerated to Mar 1, 2029 if 2029 unsecured bonds remain outstanding past Mar 2029).
Prepayment premiums: make-whole within 18 months; 4.00% from 18-24 months; 2.00% from 24-36 months; exit fee of 3.00% on delayed draw repayment.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bally's Corp incurred term loan of $1.1 billion with Ares Agent Services, L.P., as administrative agent and collateral agent, Ares Management LLC, Platinum Birch Ltd. and Angelo, Gordon & Co., L.P., as lead arrangers and bookrunners at (1) during such periods as such Loan is an ABR Loan, the Alternate Base Rate, su maturing February 11, 2031, unless the Company's unsecured bonds due 2029 remain outstanding as of March 1, 2029, in which case the Term Loans will mature on March 1, 20.

Instrument: term loan
Principal: $1.1 billion
Counterparty: Ares Agent Services, L.P., as administrative agent and collateral agent, Ares Management LLC, Platinum Birch Ltd. and Angelo, Gordon & Co., L.P., as lead arrangers and bookrunners
Rate: (1) during such periods as such Loan is an ABR Loan, the Alternate Base Rate, su
Maturity: February 11, 2031, unless the Company's unsecured bonds due 2029 remain outstanding as of March 1, 2029, in which case the Term Loans will mature on March 1, 20
Event: incurrence

Exact text from the filing

Bally’s Corporation (“Bally’s” or the “Company”), as borrower, and certain of its subsidiaries, as guarantors, entered into a term loan credit agreement with Ares Agent Services, L.P., as administrative agent and collateral agent, Ares Management LLC, Platinum Birch Ltd. and Angelo, Gordon & Co., L.P., as lead arrangers and bookrunners, and certain financial institutions party thereto as lenders providing for senior secured term loans of $1.1 billion

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bally's Corp entered into Term Loan Credit Agreement with Ares Agent Services, L.P., as administrative agent and collateral agent, Ares Management LLC, Platinum Birch Ltd. and Angelo, Gordon & Co., L.P., as lead arrangers and bookrunners, and certain financial institutions party thereto as lenders valued at $1.1 billion (effective 2026-02-11).

Action: entry
Agreement: credit facility
Counterparty: Ares Agent Services, L.P., as administrative agent and collateral agent, Ares Management LLC, Platinum Birch Ltd. and Angelo, Gordon & Co., L.P., as lead arrangers and bookrunners, and certain financial institutions party thereto as lenders
Value: $1.1 billion
Effective: 2026-02-11

Exact text from the filing

On February 11, 2026 (the “Closing Date”), Bally’s Corporation (“Bally’s” or the “Company”), as borrower, and certain of its subsidiaries, as guarantors, entered into a term loan credit agreement with Ares Agent Services, L.P., as administrative agent and collateral agent, Ares Management LLC, Platinum Birch Ltd. and Angelo, Gordon & Co., L.P., as lead arrangers and bookrunners, and certain financial institutions party thereto as lenders providing for senior secured term loans of $1.1 billion (the “Term Loan Credit Agreement”).

View on SEC.gov

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Bally's Corp filing history →

Source: SEC EDGAR

accession 0001213900-26-017495

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