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View Bally’s stock quotes; Obtaining unused credit facility commitments

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Providence, RIAnd August. 6, 2021 /PRNewswire/- Bali institution (“Bali(NYSE: BALY) today announced that two of its unrestricted affiliates (“Security Issuers”) are priced at (1) 750 million dollars In whole principal amount 5.625% of priority bonds due 2029 and (2) 750 million dollars In whole, the principal amount is 5.875% of the priority bonds due in 2031 (together, the “notes”). The bond offering is expected to be completed in August 20 2021Subject to customary closing conditions.

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(PRNewsfoto/Twin River Worldwide Holdings, Inc.)

(PRNewsfoto/Twin River Worldwide Holdings, Inc.)

In addition, Bali announced that it has secured commitments, subject to the fulfillment of the usual closing conditions, of a unused bank credit facility, which is expected to consist of a revolving credit facility with a whole principal amount of up to 620 million dollars and a term loan facility with a whole principal amount of 1,945 billion dollars.

The offer of bonds and bank commitments is part of the financing Bali The proposed acquisition of Gamesys Group plc. Proceeds from the presentation of the banknotes will be initially placed in escrow in accordance with the terms of the acquisition of Gamesys. Prior to the requirement to release the guarantee being satisfied, the notes will be first-class secured obligations of the guarantee issuers only. When the warranty release clause is fulfilled, Bali You will bear these obligations and some of its affiliates Bali, including Gamesys and its affiliates, this guarantee Bali The unused credit facility will be secured following receipt of applicable regulatory approvals. Bali Expects to enter into definitive documentation of the unused credit facility in conjunction with meeting the release of collateral and amortization of the Gamesys acquisition.

Gamesys is expected to be acquired during the final quarter of 2021, subject to customary terms, including regulatory approval. More information can be found at

View notes

The notes are offered and sold to competent institutional buyers under Rule 144a under the Securities Act of 1933 and to persons outside the United States United State Pursuant to Regulation S under the Securities Act.

The offer and sale of securities is not registered under the Securities Act or any applicable securities laws, and the Notes may not be offered, sold, pledged, or otherwise transferred within United States of America or for the account of any person in the United States or for the account of any U.S. person, except in connection with an exemption from, or in a transaction not subject to the registration requirements of the Securities Act or any other applicable securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to purchase the Notes, and there will be no sale of the Notes in any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Bali institution

Bali Corporation is a leading regional casino entertainment company with a growing multi-channel presence of online sports betting and iGaming offerings in the United States. It currently owns and operates 14 casinos in 10 states, a horse racing track in Colorado It has access to OSB licenses in 14 states. It also owns Bet.Works, a first-in-class B2B2C sports betting platform, and Monkey Knife Fight, the fastest growing daily fantasy sports site in the world. North Americaand SportCaller, the leading global provider of free B2B games.

With more than 6000 employees, Bali Operations, pro forma for pending acquisitions, include 15,837 slot machines, 532 table games, and 5,355 hotel rooms. Upon closing of the previously announced Tropicana Las Vegas (Las Vegas, Nevada), as well as the completion of the construction of a land-based casino near Nittany Mall in State College, PennsylvaniaAnd Bali It will own and operate 16 casinos across 11 states. Its shares are traded on the New York Stock Exchange under the ticker symbol “BALY”.

Cautionary note regarding forward-looking statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified by the use of words such as “expect,” “believe,” “expect,” “intend,” “plan,” “will,” or, in each case, negative or other variations or similar terms. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the coming. As a result, these statements are not guarantees of coming performance and actual events may differ materially from those contained or suggested by the forward-looking statements. Any forward-looking statement made by Bali In this press release, its reports to the Securities and Exchange Commission and other public statements made from time to time speak only as of the date they were issued. From time to time unused risks and uncertainties appear, and they are impossible Bali To predict or determine all of these events or how they might affect them. Bali It has no obligation, and does not intend to, update any forward-looking statements following the date of this, except as required by federal securities laws. Factors that can cause these differences include those listed in Bali Annual reports on Form 10-K, quarterly reports on Form 10-Q, and other reports submitted by Bali with SEC. This data constitutes Bali Cautionary statements under the Private Securities Litigation Reform Act of 1995.

Investors contact

Robert Lavan
Senior Vice President – Finance and Investor Relations

Media connection

Richard Goldman / David Gill
CNC text
646-847-6102 / 917-842-5384



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