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BRIEF-Gaming And Leisure Properties Enters Into Sale Leaseback And Development Funding Transactions With Bally's Corporation Totaling $1.585 Bln At Blended 8.3% Initial Cash Yield
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BRIEF-Gaming And Leisure Properties Enters Into Sale Leaseback And Development Funding Transactions With Bally's Corporation Totaling $1.585 Bln At Blended 8.3% Initial Cash Yield
Jul 12, 2024 5:15 AM

July 12 (Reuters) - Bally's Corp:

* GAMING AND LEISURE PROPERTIES ENTERS INTO SALE LEASEBACK

AND

DEVELOPMENT FUNDING TRANSACTIONS WITH BALLY'S CORPORATION

TOTALING $1.585 BILLION AT BLENDED 8.3% INITIAL CASH YIELD

* GAMING AND LEISURE PROPERTIES ( GLPI ): TO ADJUST EXISTING

CONTINGENT

PURCHASE OPTION FOR BALLY'S LINCOLN TO PRICE OF $735 MILLION

Source text for Eikon:

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