Printer Friendly

BANKS FOR BALLY'S PARK PLACE EXTEND CREDIT LINE ACTION SIGNALS ADDED FINANCIAL CONFIDENCE, MANAGEMENT SAYS

 BANKS FOR BALLY'S PARK PLACE EXTEND CREDIT LINE
 ACTION SIGNALS ADDED FINANCIAL CONFIDENCE, MANAGEMENT SAYS
 CHICAGO, June 30 /PRNewswire/ -- Bally Manufacturing Corporation (NYSE: BLY) announced today that Bally's Park Place had received a two- year extension on its revolving credit line facility for $75 million. The credit line facility will now expire June 30, 1994. Bally's Park Place Casino Hotel & Tower in Atlantic City, N.J., is a wholly-owned subsidiary of Bally Manufacturing Corporation.
 Participants in the credit line facility are: First Fidelity Bank, which acted as the agent bank, Midlantic National Bank and National Westminster Bank.
 "The extension of Bally's Park Place's revolving credit facility is another indication of the financial community's positive response to the restructuring plan we have been implementing these past few months," said Bally Manufacturing Chairman and CEO Arthur M. Goldberg.
 Bally Manufacturing is one of the world's foremost operators of casino hotels and fitness centers. Bally is listed on the New York Stock Exchange. Bally is the parent company to subsidiaries primarily in the management and operation of health and fitness centers, casino hotel and gaming equipment industries. This includes Bally's Health & Tennis, the nation's largest operator of fitness centers; Bally's Park Place and Bally's Grand Casino Hotels in Atlantic City and Bally's Las Vegas Casino Resort, and Bally Gaming International, a manufacturer/distributor of gaming and video lottery machines.
 -0- 6/30/92
 /CONTACT: Michael W. Kempner or Nina Girgis of MWW/Strategic Communications, Inc., 201-342-9500, for Bally Manufacturing Corporation/
 (BLY) CO: Bally Manufacturing Corporation; Bally's Park Place Casino Hotel &
 Tower ST: New Jersey, Illinois IN: CNO SU:


AH -- NY056 -- 5177 06/30/92 12:35 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 30, 1992
Words:274
Previous Article:BMW'S NEW FACILITY IN SPARTANBURG, N.C.
Next Article:DOLCO PACKAGING CORP. ANNOUNCES QUARTERLY DIVIDEND PAYMENT
Topics:


Related Articles
BALLY CHAIRMAN REPORTS PROGRESS OF RESTRUCTURING TO SHAREHOLDERS
BALLY MANUFACTURING CORPORATION 1992 YEAR-END RESULTS SHOW $58 MILLION IMPROVEMENT FROM CONTINUING OPERATIONS OVER PREVIOUS YEAR
BALLY MANUFACTURING CORPORATION CLOSES NOTE OFFERING TO FUND EXPANSION IN GAMING MARKETS
BALLY MANUFACTURING CORPORATION REPORTS 1993 SECOND QUARTER AND YEAR TO DATE RESULTS; GAMING OPERATIONS POST OUTSTANDING RESULTS
DUFF & PHELPS RATES BALLY ENTITIES;
BALLY ENTERTAINMENT CORPORATION REPORTS 1994 SECOND QUARTER CONTINUING OPERATIONS INCOME OF $.12 PER SHARE VERSUS $.10 A YEAR AGO
BALLY ENTERTAINMENT CORPORATION REPORTS 1994 THIRD QUARTER NET INCOME OF $.24 PER SHARE VERSUS $.11 PER SHARE A YEAR AGO
DCR PLACES BALLY ENTERTAINMENT'S DEBT AND PREFERRED STOCK ON RATING WATCH - UP
DCR REAFFIRMS HILTON HOTELS CORPORATION
Bally Technologies Selected by Harrah's to Provide Casino Management, Marketing Systems Internationally.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters