| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
Bally’s begins consent solicitation to amend 6¾% notes due 2027
By Taylor Fox
New York, Jan. 28 – Bally’s Corp. commenced a consent solicitation to amend the indenture governing its $525 million outstanding 6¾% senior notes due 2027 (Cusip: 90171VAA3), according to a news release.
The proposed amendment would modify the incurrence of indebtedness and issuance of subsidiary preferred stock covenant to increase the fixed dollar prong of the credit facility basket to $975 million from $745 million.
The adoption of the proposed amendment will require the consent of holders of a majority in principal amount of the notes outstanding as of the record date of Jan. 27.
Holders who deliver consents prior to the expiration time will receive $10 in cash per $1,000 of notes, subject to the receipt of necessary consents.
The consent solicitation will expire at 5 p.m. ET Feb. 3.
Deutsche Bank Securities Inc. (855 287-1922, 212 250-7527) is the solicitation agent, and D.F. King & Co., Inc. (212 269-5550, 866 796-7186) is the information and tabulation agent.
Bally’s is a casino management company based in Lincoln, RI.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.