Bally's corporation enters into a binding agreement with the star for aud 300 million strategic capital investment via convertible notes and subordinated debt

Providence, r.i., april 7, 2025 /prnewswire/ -- bally's corporation (nyse: baly) ("bally's" or the "company") today announced that it has entered into a binding term sheet with the star entertainment group limited (asx: sgr) ("the star") comprising a multi-tranche issuance of subordinated convertible notes and subordinated debt (together the "notes") with an aggregate principal value of aud $300 million (approximately usd $187 million 1) (the "transaction").
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