Bally's Corp — Form 10-Q
Filed August 14, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 23/100
What the filing says
Bally's Corp (with Deutsche Bank as agent) executed a fourth amendment to its credit agreement dated May 5, 2026. The amendment adds a parallel debt mechanism (Section 13.23) for Greek law and foreign collateral protection, and reprices Amendment No. 3 Revolving Commitments margins effective February 11, 2026 across four leverage tiers: Level I (≥5.25x leverage) at 5.00% SOFR / 4.00% ABR; Level IV (<4.25x) at 4.00% SOFR / 3.00% ABR. The amendment allows margin reductions up to 0.50% below pari passu refinancing debt pricing (subject to 5.00% SOFR and 4.00% ABR caps for non-syndicated refinancings). No dollar amounts for drawn facilities, total commitments, or margin changes from prior levels are disclosed in this exhibit.
Why this rating
Technical credit amendment with standard parallel debt clause and margin grid adjustment. No disclosed facility sizes, debt increases, or covenant violations. Routine refinancing mechanics for a micro-cap with persistent leverage concerns (5.25x+ thresholds suggest distress risk) but document lacks specifics needed to assess material impact.
See more from August 14, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.