Bally’s Completes Previously Announced Sale Lease-Back of Bally’s Kansas City and Bally’s Shreveport to Gaming and Leisure Properties
Bally's Corporation (BALY)
Company Research
Source: Business Wire
Aggregate Transaction Valued at $395 Million PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally’s Corporation (NYSE: BALY and BALY.T) ("Bally’s”) today announced that it has completed the previously announced sale lease-back of certain real property interests underlying Bally’s Kansas City and Bally’s Shreveport to Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) in a transaction valued at $395 million in the aggregate, inclusive of $7 million in LP units and $388 million in cash. The sale lease-back consideration includes approximately $56 million reimbursement of prior capital expenditures at the properties, with the balance as gross sale proceeds. Bally’s will use the proceeds from the sale lease-back transaction to pay down amounts drawn against its $620 million revolving credit facility, of which $350 million was drawn as of September 30, 2024, with the balance to be allocated for capital expenditures and general corporate purposes.The leases for Bally’s Kansas City and Bally
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BALY
Earnings
- 11/6/24 - Miss
BALY
Sec Filings
- 12/11/24 - Form SC
- 12/11/24 - Form 8-K
- 11/21/24 - Form 8-K
- BALY's page on the SEC website