Bally’s Corporation raises term loan credit facility due 2031
Bally’s Corporation entered into a new term loan credit facility due 2031 on 11 February 2026, providing US$1.1bn of funded term loans. The loans come from Ares Management Credit funds, King Street Capital Management and TPG Credit, and were all funded on 11 February 2026, according to the company's Form 8-K.
Bally’s said the proceeds are for general corporate purposes, including the development of Bally’s Bronx and Bally’s Chicago, and that part of them will go towards repaying in full its US$1.47bn of term loans maturing in 2028. Bally’s also owns the Bally Bet sports betting and igaming platform.
LOG ENTRY
- Announced
- 11 Feb 2026
- Type
- Funding · debt financing
- Raising
- Bally’s Corporation
- Co-investor
- Ares Management Credit funds
- Co-investor
- King Street Capital Management
- Co-investor
- TPG Credit
- Markets
- Not stated
- Value
- US$1.1bn (USD 1,100,000,000)
- Status
- Completed
- Completed
- 11 Feb 2026
- Entry
- D-114
Entry history
- Logged from Bally’s Corporation release, 11 Feb 2026
If the deal completes, lapses or changes terms, the update is added here as a new line, and every correction is also listed in the corrections log. Sources last retrieved 23 Oct 2026.