Gambling and entertainment giant Bally’s has landed a $560 million debt package from WhiteHawk Capital Partners to fund its casino development in the Bronx, the company announced Monday.
The financing from WhiteHawk, a private credit investment manager, will be broken up into a $400 million frontloaded loan and $160 million from delayed-draw term debt with the deal slated to close in the third quarter, according to Bally’s.
The loans will fund pre-construction and other expenditures associated with the planned 3 million-square-foot casino development at the Bally’s Golf Links at Ferry Point, which will include a 500-room hotel and a…