---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-017495"
form_type: "8-K"
ticker: "BALY"
cik: "0001747079"
company_name: "Bally's Corp"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:28:40.104906+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bally's enters $1.1B senior secured term loan facility with Ares, others

## Summary
- $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.

## SEC filing metadata
- accession: 0001213900-26-017495
- form_type: 8-K
- ticker: BALY
- cik: 0001747079
- company_name: Bally's Corp
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747079/000121390026017495/0001213900-26-017495-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747079/000121390026017495/ea0277323-8k_ballys.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-017495
- JSON: https://secwatch.observer/filing/0001213900-26-017495.json
- Plain text: https://secwatch.observer/filing/0001213900-26-017495.txt

## Source-grounded claims
- claim_id: f46904354f4d24cc9ee64e9cdd266a3708548e70
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000121390026017495/0001213900-26-017495-index.htm
- claim_id: c2fd011a557aa40fbe104b1c5e240d15af77debe
  claim: 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).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747079/000121390026017495/0001213900-26-017495-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.