Bally’s issues conditional notice of redemption for 6¾% notes

By Mary Katherine Stinson

Lexington, Ky., Sept. 20 – Bally’s Corp. issued a notice of conditional redemption to holders of its 6¾% senior notes due 2027, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par with a make-whole premium plus accrued and unpaid interest.

The redemption is conditioned upon the completion of the company’s acquisition of Gamesys Group plc.

The company will seek court approval of the acquisition on Sept. 30 and expects this acquisition to be completed on Oct. 1.

Bally’s is a Providence, R.I.-based casino-entertainment company.

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