 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
|
Gaming News
Bally's secures financing for Bronx project16 September 2026(PRESS RELEASE) -- Bally’s Corporation announced that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally’s 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. Proceeds of the loans advanced under the Facilities will be used to fund certain pre-construction costs and expenditures associated with the development of the Bally’s 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. Bally’s Chairman of the Board, Soo Kim, commented, “This 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.” “We are pleased to partner with Bally’s on this important next phase of the Bronx project,” said Bob Louzan, Managing Partner at WhiteHawk Capital Partners. “This financing reflects our ability to structure flexible capital solutions for complex transactions and will support the project’s pre construction work as Bally’s advances its broader financing plan.” Citizens Capital Markets served as financial advisor to Bally’s Corporation. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to Bally’s Corporation.
Bally's secures financing for Bronx project
is republished from Online.CasinoCity.com.
|