Bally’s Corporation has lined up a significant new financing package to advance its planned Bally’s Bronx casino project and bolster its broader corporate liquidity. The company announced that a financing facility led by WhiteHawk Capital Partners, LP will support pre-construction work on the proposed gaming development and provide additional capital for general corporate uses.
The financing structure includes term loan commitments totaling $560 million. According to Bally’s, the package is split between $400 million in closing-date term loan commitments and $160 million in delayed-draw term loan commitments. The proceeds are expected to fund specific pre-construction costs and other expenditures directly tied to the Bally’s Bronx project, while a portion of the capital will be available for the company to deploy for overall corporate needs.
Bally’s stated that the new debt financing is anticipated to close in the third quarter of 2026, subject to customary conditions. By securing the funding ahead of the main construction phase, the company aims to keep its development plans for the Bronx project on track while also reinforcing its balance sheet flexibility. The structure of the loan commitments allows capital to be drawn over time as project-related spending ramps up.
Commenting on the transaction, Bally’s board chairman Soo Kim said the financing will enable the company to move forward with critical planning and pre-construction work on the Bally’s Bronx development. He emphasized that arranging this capital now is intended to ensure the company is positioned to complete the remaining elements of the broader capital raise for the project and to maintain its overall project schedule.
Kim also underscored the strategic benefit of the additional liquidity generated by the financing. He noted that the incremental capital capacity will give Bally’s greater flexibility to pursue other capital opportunities beyond the Bronx development, suggesting that the facility is structured to serve both project-specific and corporate-level objectives.
On the advisory side, Bally’s engaged Citizens Capital Markets to serve as its financial advisor in connection with the financing effort. Law firm Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Bally’s, supporting the company on documentation and other legal aspects of the transaction. These advisory relationships reflect the scale and complexity of the financing package behind the Bally’s Bronx project and related corporate funding needs.
