Bally’s closes financing for $4 billion Bronx Casino

(PRESS RELEASE) -- Bally’s Corporation announced that it closed the previously announced financing led by WhiteHawk Capital Partners, LP. The Company received initial funding of term loans in an aggregate principal amount of $400 million, the proceeds of which will be used to pay certain pre-construction costs and expenditures associated with the development of the Bally’s Bronx project, with a portion applied to general corporate purposes, including payment of transaction fees and expenses incurred at closing. Additional delayed draw term loan commitments in an aggregate amount of $160 million remain available for future draws to support the continued development of the Bally’s Bronx project.

The $4.0 billion Bally’s Bronx integrated casino project is expected to open by 2030 and will feature 3 million square feet of gaming facilities, a 500-room hotel, a 2,000-person event center, and an 18-hole world-class golf course.

Citizens Capital Markets & Advisory served as financial advisor to Bally’s Corporation. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to Bally’s Corporation.