Proceeds of the loans advanced under the facilities will be used to fund certain pre-construction costs for Bally’s Bronx project
Bally’s Corporation has secured new financing led by WhiteHawk Capital Partners, 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 $400m and delayed draw term loan commitments in an aggregate principal amount of $160m.
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 with 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.”
Proceeds of the loans advanced under the facilities will be used to fund certain pre-construction costs for Bally’s Bronx project Bally’s Corporation has secured new financing led by WhiteHawk Capital Partners, 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