Twin River plans credit facility upsizing with purchase of casinos

By Sara Rosenberg

New York, April 24 – Twin River Worldwide Holdings Inc. expects to upsize its existing credit facility and use cash on hand to finance its acquisition of three casinos, according to a news release.

The company is purchasing from Eldorado Resorts Inc. the Eldorado Shreveport Resort and Casino in Shreveport, La., and the Mont Bleu Resort Casino & Spa in Lake Tahoe, Nev., for an aggregate purchase price of $155 million, and from Caesars Entertainment Corp. and Vici Properties Inc. the Bally’s Atlantic City Hotel & Casino for $25 million.

Closing in the Shreveport and Mont Bleu transaction is expected in the first half of 2021, and closing on the Bally’s transaction is expected in late 2020 or early 2021, subject to receipt of FTC and gaming regulatory approvals, financing and other customary conditions.

Twin River is a Lincoln, R.I.-based owner and manager of casino resorts.

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