Brief: Gaming And Leisure Properties Enters Into Sale Leaseback And Development Funding Transactions With Bally’s Corporation Totaling $1.585 Bln At Blended 8.3% Initial Cash Yield
12/07/2024 12:31
July 12 (Reuters) - Bally's Corp BALY.N :
* GAMING AND LEISURE PROPERTIES ENTERS INTO SALE LEASEBACK
AND
DEVELOPMENT FUNDING TRANSACTIONS WITH BALLY’S CORPORATION
TOTALING $1.585 BILLION AT BLENDED 8.3% INITIAL CASH YIELD
* GAMING AND LEISURE PROPERTIES: TO ADJUST EXISTING
CONTINGENT
PURCHASE OPTION FOR BALLY'S LINCOLN TO PRICE OF $735 MILLION
Source text for Eikon: ID:nGNXGkrlM
Further company coverage: BALY.N
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