Bally’s Corporation said Monday 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 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.
Bally’s board chairman Soo Kim said, “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.”
Citizens Capital Markets served as financial advisor to Bally’s , while Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor.
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