Gaming company said it has approval to increase credit facility to $510 million Creditors also approved sale-leaseback transaction on Rhode Island casino Bally’s announced today it secured commitment to increase the borrowing capacity on a revolving credit facility (RCF) maturing on Oct. 1, 2028 by $510 million. Bally’s Atlantic City. The company won approval for an increased credit facility. (Image: Shutterstock) That enhancement was made possible by existing RCF creditors representing $670 million in commitments signing off on the regional casino operator’s sale-leaseback (SLB) deal on its Twin River Lincoln Casino Resort in Lincoln, RI. That $735 million transaction was announced earlier this month. Upon receiving similar consents to the SLB Transaction from holders of approximately $600 million of term loans, which represent approximately 32% of currently outstanding amounts, the Company will have received sufficient consent from its senior secured lenders to proceed with the SLB Transaction,” according to a statement issued by Rhode Island-based Bally’s. Casino landlord Gaming and…Read MoreCategory: Financial, Mergers and Acquisitions, Real Estate, mergers and acquisitions, real estateSource: Casino.org