11:01 AM EDT, 09/30/2025 (MT Newswires) -- (Corrects the fourth paragraph to clarify that the company is expecting to receive similar consents to the SLB transaction)

Bally's (BALY) said Tuesday it increased the extended maturity tranche of its revolving credit facility to $510 million, with the facility now due Oct. 1, 2028.

The company said that all lenders involved, including a new participant, have agreed to its proposed $735 million sale and leaseback of the Twin River Lincoln Casino Resort to Gaming and Leisure Properties.

The transaction, which is still subject to regulatory approval, is expected to help reduce its outstanding secured debt by $500 million through a combination of reduced credit facility commitments and prepayments on term loans and first lien notes, it added.

Upon receiving similar consents from holders of about $600 million in term loans, representing about 32% of outstanding balances, the company said it will have received sufficient consent form its lenders to proceed with the transaction.

If completed, the company said it combined term loans and first lien notes would be reduced from about $2.4 billion to $1.92 billion.

Bally's said it is also making progress on the previously announced 2.7 billion euros sale of its International Interactive business to Intralot, which is expected to close in Q4.

Price: 11.18, Change: -0.24, Percent Change: -2.10