{"id":1003132,"date":"2026-09-14T07:20:46","date_gmt":"2026-09-14T11:20:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ballys-corporation-secures-new-financing-to-support-the-development-of-the-ballys-bronx-project\/"},"modified":"2026-09-14T07:20:46","modified_gmt":"2026-09-14T11:20:46","slug":"ballys-corporation-secures-new-financing-to-support-the-development-of-the-ballys-bronx-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ballys-corporation-secures-new-financing-to-support-the-development-of-the-ballys-bronx-project\/","title":{"rendered":"Bally\u2019s Corporation Secures New Financing to Support the Development of the Bally\u2019s Bronx Project"},"content":{"rendered":"

<\/p>\n

Bally\u2019s Corporation Secures New Financing <\/b>to Support the Development of the Bally\u2019s Bronx Project<\/b><\/p>\n

PROVIDENCE, R.I.–(BUSINESS WIRE<\/a>)–
\nBally\u2019s Corporation (NYSE: BALY) (\u201cBally\u2019s\u201d or the \u201cCompany\u201d) announced today that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally\u2019s Bronx project and general corporate purposes. The new financing comprises closing date term loan commitments in an aggregate principal amount of $400 million and delayed draw term loan commitments in an aggregate principal amount of $160 million (together, the \u201cFacilities\u201d).<\/p>\n

\nProceeds of the loans advanced under the Facilities (the \u201cLoans\u201d) will be used to fund certain pre-construction costs and expenditures associated with the development of the Bally\u2019s Bronx project, with a portion of the proceeds available to the Company for general corporate purposes. The new financing is expected to close in the third quarter of 2026, subject to regulatory approval and the satisfaction of other customary closing conditions.<\/p>\n

\nBally\u2019s Chairman of the Board, Soo Kim, commented, \u201cThis important financing allows us to progress the pre-construction planning process so that we are ready to complete the remainder of the capital raise and remain on schedule. Furthermore, the additional liquidity provides us greater flexibility for other capital opportunities.\u201d<\/p>\n

\n\u201cWe are pleased to partner with Bally\u2019s on this important next phase of the Bronx project,\u201d said Bob Louzan, Managing Partner at WhiteHawk Capital Partners. \u201cThis financing reflects our ability to structure flexible capital solutions for complex transactions and will support the project\u2019s pre-construction work as Bally\u2019s advances its broader financing plan.\u201d<\/p>\n

\nCitizens Capital Markets served as financial advisor to Bally\u2019s Corporation. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to Bally\u2019s Corporation.<\/p>\n

About Bally\u2019s Corporation<\/b><\/p>\n

\nBally\u2019s (NYSE: BALY) is a fast-growing global entertainment brand with 20 casinos across 11 U.S. states and one casino in Newcastle, UK, along with a golf course in New York and horse racetracks in Colorado and forthcoming in Wyoming. Bally\u2019s also owns Bally Bet, a first-in-class sports betting and igaming platform licensed in 16 jurisdictions in North America. Bally\u2019s holds a majority interest in Bally\u2019s Intralot S.A. (ATSE: BYLOT), a leading lottery solutions supplier and gaming operator active in 39 jurisdictions worldwide. Bally\u2019s casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally\u2019s also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas, has been awarded a license to build a full-scale casino and resort in The Bronx, New York, and an integrated destination resort in Chicago, Illinois. Bally\u2019s is the first publicly traded gaming company to achieve Minority Business Enterprise (MBE) certification through the National Minority Supplier Development Council (NMSDC). Bally\u2019s has over 12,000 employees across the world, recognized for their innovation, energy, and dedication to creating thrilling gaming experiences.<\/p>\n

About WhiteHawk<\/b><\/p>\n

\nWhiteHawk Capital Partners, LP is a private credit investment manager focused on asset-based financing solutions primarily to middle market private and public companies across a variety of industries. WhiteHawk provides senior secured financings under a variety of structures for purposes of refinancing, recapitalization, growth, acquisition, restructuring, bridge, and DIP\/emergence. For more information visit www.whitehawkcapital.com<\/a> or contact info@whitehawkcapital.com<\/a>.<\/p>\n

Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the federal securities laws. Forward looking statements may generally be identified by the use of words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan\u201d and \u201cwill\u201d or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by Bally\u2019s in this press release, its reports filed with the Securities and Exchange Commission (\u201cSEC\u201d) and other public statements made from time-to-time speak only as of the date made. New risks and uncertainties come up from time to time, and it is impossible for Bally\u2019s to predict or identify all such events or how they may affect it. Bally\u2019s has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include those included in Bally\u2019s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by Bally\u2019s with the SEC. These statements constitute Bally\u2019s cautionary statements under the Private Securities Litigation Reform Act of 1995.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260914125517\/en\/<\/a><\/span><\/p>\n

Investor Contact
\n<\/b>
Lauren Westerfield
\n
Global Vice President Public Relations
\n
702-423-1244
\n
ir@ballys.com
\n<\/a><\/p>\n

Media Contact
\n<\/b>
Joseph Jaffoni, Christin Armacost
\n
JCIR
\n
212-835-8500
\n
baly@jcir.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Rhode Island<\/p>\n

INDUSTRY KEYWORDS:<\/b> Tourist Attractions Casino\/Gaming Lodging Entertainment Travel<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Bally\u2019s Corporation Secures New Financing to Support the Development of the Bally\u2019s Bronx Project PROVIDENCE, R.I.–(BUSINESS WIRE)– Bally\u2019s Corporation (NYSE: BALY) (\u201cBally\u2019s\u201d or the \u201cCompany\u201d) announced today that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally\u2019s Bronx project and general corporate purposes. The new financing comprises closing date term loan commitments in an aggregate principal amount of $400 million and delayed draw term loan commitments in an aggregate principal amount of $160 million (together, the \u201cFacilities\u201d). Proceeds of the loans advanced under the Facilities (the \u201cLoans\u201d) will be used to fund certain pre-construction costs and expenditures associated with the development of the Bally\u2019s Bronx project, with a portion of the proceeds … <\/p>\n

Continue reading “Bally\u2019s Corporation Secures New Financing to Support the Development of the Bally\u2019s Bronx Project”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1003132","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBally\u2019s Corporation Secures New Financing to Support the Development of the Bally\u2019s Bronx Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ballys-corporation-secures-new-financing-to-support-the-development-of-the-ballys-bronx-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bally\u2019s Corporation Secures New Financing to Support the Development of the Bally\u2019s Bronx Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bally\u2019s Corporation Secures New Financing to Support the Development of the Bally\u2019s Bronx Project PROVIDENCE, R.I.–(BUSINESS WIRE)– Bally\u2019s Corporation (NYSE: BALY) (\u201cBally\u2019s\u201d or the \u201cCompany\u201d) announced today that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally\u2019s Bronx project and general corporate purposes. The new financing comprises closing date term loan commitments in an aggregate principal amount of $400 million and delayed draw term loan commitments in an aggregate principal amount of $160 million (together, the \u201cFacilities\u201d). 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