Bally’s Enters New $1.1 Billion Secured Term Loan

Bally’s Corporation ( (BALY) ) has provided an announcement.

On February 11, 2026, Bally’s Corporation and certain subsidiaries entered into a new $1.1 billion senior secured term loan credit agreement with a group of lenders, split between a $600 million closing date loan and a $500 million delayed draw loan that was fully funded on the same date. The facilities, secured by substantially all of the company’s and guarantors’ assets and ranking pari passu with its existing revolving credit facility, carry high floating interest rates with a payment-in-kind option, structured maturities linked to its 2029 unsecured bonds, and detailed prepayment premiums and restrictive covenants that tighten limits on additional debt, dividends, asset sales and investments, materially shaping Bally’s future financing flexibility and balance-sheet risk profile.

The term loans will mature in 2031 unless accelerated to 2029 if Bally’s 2029 unsecured notes remain outstanding, aligning the company’s secured debt profile with its upcoming bond maturities. Mandatory prepayment triggers tied to asset sales, casualty proceeds and certain new debt, combined with exit fees on the delayed draw tranche and standard events-of-default and change-of-control provisions, reinforce lender protections and could constrain the company’s strategic options while providing significant liquidity to support ongoing operations and capital needs.

The most recent analyst rating on (BALY) stock is a Sell with a $14.50 price target. To see the full list of analyst forecasts on Bally’s Corporation stock, see the BALY Stock Forecast page.

Spark’s Take on BALY Stock

According to Spark, TipRanks’ AI Analyst, BALY is a Neutral.

The score is primarily held down by weak financial performance—ongoing losses, negative free cash flow, and high leverage. Technicals also lean bearish with price below key moving averages and negative MACD, while valuation is difficult to justify due to negative earnings. Corporate events provide a modest offset via improved financing flexibility, partially tempered by governance risks.

To see Spark’s full report on BALY stock, click here.

More about Bally’s Corporation

Bally’s Corporation operates in the gaming and entertainment industry, running casinos and related gaming assets through various subsidiaries. The company relies on secured and unsecured debt facilities, alongside a revolving credit line, to finance its operations and manage its capital structure across its portfolio of assets.

Average Trading Volume: 109,405

Technical Sentiment Signal: Sell

Current Market Cap: $683.8M

See more data about BALY stock on TipRanks’ Stock Analysis page.