Bally’s Secures $560M Financing for Bronx Casino Project
Bally’s Corporation has completed a $560 million financing package for its proposed casino resort in the Bronx, giving the company fresh capital for pre-construction work on the roughly $4 billion development. WhiteHawk Capital Partners led the financing. Bally’s received $400 million in term loans at closing, while another $160 million will be available through delayed-draw commitments. The company plans to use the proceeds mainly for development costs tied to the Bronx project, including planning and other early-stage expenses. Some of […] The post Bally’s Secures $560M Financing for Bronx Casino Project appeared first on World Casino News.
Bally’s Corporation has completed a $560 million financing package for its proposed casino resort in the Bronx, giving the company fresh capital for pre-construction work on the roughly $4 billion development. WhiteHawk Capital Partners led the financing. Bally’s received $400 million in term loans at closing, while another $160 million will be available through delayed-draw commitments. The company plans to use the proceeds mainly for development costs tied to the Bronx project, including planning and other early-stage expenses. Some of […]
The post Bally’s Secures $560M Financing for Bronx Casino Project appeared first on World Casino News.
