secwatch.observer — SEC 8-K summary
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Issuer:     Bally's Corp (BALY)
CIK:        0001747079
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001213900-26-017495
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747079/000121390026017495/0001213900-26-017495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747079/000121390026017495/ea0277323-8k_ballys.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-017495

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