Bally's signs $400 million loan commitments for Bronx casino project
On September 4, 2026, Bally's New York Operating Company entered a loan agreement with WhiteHawk Capital Partners providing $400 million in closing date term loan commitments and $160 million in delayed draw commitments. The loans will fund pre-construction costs for the Bally's Bronx project and general corporate purposes, and they carry a rate of Term SOFR plus 8.50% and are secured by substantially all assets of the borrowing entities. The company said the financing keeps the Bronx project on schedule and adds liquidity, but it adds secured debt at a high interest spread.
Key points
- Closing date term loan commitments of $400 million and delayed draw term loan commitments of $160 million, under an agreement dated September 4, 2026
- Interest at Term SOFR plus 8.50% per annum, subject to a customary floor; loans mature 18 months after initial funding
- Loans guaranteed by Bally's New York Guarantors and secured by substantially all assets of the Bally's New York Loan Parties, subject to exceptions
- Initial funding is subject to regulatory approval and is expected to close in the third quarter of 2026
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.