debt
confidence high
sentiment positive
materiality 0.65
Bally's secures $560M loan facility from WhiteHawk for Bronx project development
Bally's Corp
- $400M closing date term loan plus $160M delayed draw commitments from WhiteHawk Capital Partners.
- Loans mature 18 months after initial funding; interest at Term SOFR plus 8.50% per annum.
- Proceeds fund pre-construction costs for Bally's Bronx project and general corporate purposes.
- Closing expected Q3 2026, subject to regulatory approval and customary conditions.