8-K - Bally's Corporation | StockGist

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Bally’s Corporation entered into a $1.1 billion senior secured term loan credit agreement on February 11, 2026, consisting of a $600 million closing date term loan and a $500 million delayed draw term loan, maturing on February 11, 2031 or earlier if 2029 unsecured bonds remain outstanding. The loans bear interest at ABR plus 6.50% or SOFR plus 7.50%, with a portion payable in kind, and include prepayment premiums and covenants.

Key Takeaways

1Entered Term Loan Credit Agreement on February 11, 2026 with Ares Agent Services, L.P. as agent

2$1.1 billion total Term Loans: $600M Closing Date Term Loan + $500M Delayed Draw Term Loan, fully funded on closing

3Maturity: February 11, 2031 unless 2029 unsecured bonds outstanding, then March 1, 2029

4Interest: ABR (floor 3%) + 6.50% or SOFR (floor 3%) + 7.50%; up to 3.50% PIK option

5Secured by substantially all assets on pari passu basis with existing revolver

6Prepayment premiums: make-whole <18 months, 4% 18-24 months, 2% 24-36 months; 3% exit fee on Delayed Draw

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. On February 11, 2026 (the “Closing Date”), Bally’s Corporation (“Bally’s” or the “Company”), as borrower, and certai

Material Agreement

$1.10B$600.0M$500.0MAres Agent Services, L.P.

Source Document

2.03

. 1 Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1* Term Loan Credit Agreement, dated February 11, 2026, by and amon

Financing

Transaction Details

Material Agreement

Agreement: Term Loan Credit Agreement
Parties: Bally’s Corporation (borrower), certain subsidiaries (guarantors), Ares Agent Services, L.P. (administrative agent and collateral agent), Ares Management LLC, Platinum Birch Ltd., Angelo, Gordon & Co., L.P. (lead arrangers and bookrunners), certain financial institutions (lenders)

•$1.1 billion senior secured term loans ($600M Closing Date Term Loan + $500M Delayed Draw Term Loan, fully funded February 11, 2026)
•Maturity February 11, 2031 unless 2029 unsecured bonds outstanding (then March 1, 2029)
•Interest at ABR (floor 3.00%) + 6.50% or SOFR (floor 3.00%) + 7.50%; up to 3.50% in kind
•Guaranteed by certain subsidiaries, secured by substantially all assets (pari passu with October 1, 2021 revolver)
•Mandatory prepayments on asset sales, casualty events, unpermitted debt
•Prepayment premiums: make-whole <18 months, 4.00% 18-24 months, 2.00% 24-36 months (reduced to 1.00% in some cases)
•3.00% exit fee on Delayed Draw Term Loans repayment
•Covenants limit indebtedness, dividends, asset sales, investments, liens
•Customary events of default including payment defaults, covenant breaches, Change of Control

Exhibits (2)

10.1

TERM LOAN CREDIT AGREEMENT, DATED FEBRUARY 11, 2026, BY AND AMONG THE COMPANY, THE SUBSIDIARIES OF THE COMPANY PARTY THERETO AS GUARANTORS, ARES AGENT SERVICES, L.P

8-K

CURRENT REPORT