08:08 AM EDT, 09/12/2025 (MT Newswires) -- Bally's (BALY) said Friday it amended its revolving credit facility to extend its $460 million commitments to Oct. 1, 2028.

The company said that lenders representing $620 million have consented to the proposed Twin River Lincoln sale and leaseback.

The sale and leaseback with Gaming and Leisure Properties would generate about $735 million in gross proceeds before expenses and taxes.

Bally's said it still needs similar consents from term loan holders representing roughly $630 million, or about 33% of outstanding, to proceed.

Upon closing, the company has agreed to reduce secured debt and credit facilities by $500 million, beginning with a permanent 7.5% cut to the revolving credit facility commitments to about $574 million and then pro rata prepayments of term loans and first lien notes.

If term loan lenders ratify the amendments, combined term loan and first lien note balances are expected to fall to about $1.94 billion from roughly $2.4 billion.