AGS announces repricing of $30 million revolving credit facility

4 September 2019

(PRESS RELEASE) -- AGS today announced a repricing of the $30 million revolving credit facility via a group of lenders, effective 30 August 2019, that reduces the interest rate margin on the revolver by 200 basis points to LIBOR plus 350 basis points (which will be further reduced by 25 basis points if at any time the company receives a corporate credit rating of at least B1 from Moody’s).

The company expects to record minimal fees related to this transaction in the third quarter of 2019.

AGS Chief Financial Officer Kimo Akiona said, “This interest rate reduction on our revolving credit facility reflects the progress we have made in reducing our leverage, the continued strong support of our lenders, and our ongoing commitment to maintaining a strong credit profile.”

Related Links
AGS Software Details

Featured Vendors
Broadband Hospitality
Castle Merchandising Inc
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
Castle Merchandising Inc
Brand Name Products for your Player Rewards and Loyalty Programs
Casino Essentials
Gaming Tickets, Inc.
Casino Essentials
The Ultimate Online Training Platform for the Casino Industry
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Bar Maid Corporation
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Breathe easier during COVID-19. We can help you reopen smokefree for everyone’s health.
Bar Maid Corporation
Clean and dry thousands of chips, dice and tiles per hour with the high-speed CHIP CHAMPION machine!
Betson Imperial Parts & Service
Slot-Tickets Worldwide
Betson Imperial Parts & Service
You one stop shop for all your gaming and OEM needs!
Slot-Tickets Worldwide
Slot-Tickets® Worldwide, The Original and Still the Best.
Casino Network
Rymax Marketing Services, Inc.
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Slot Machines Unlimited
TribalHub
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX
RSA Executive Search
Casino Schedule Ease
RSA Executive Search
A Boutique Search firm specializing in the Recruitment of Hospitality and Gaming Entrepreneurs
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Casino City Press
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.


Your Guide to 15,653 Gaming Industry Suppliers