AGS Announces Plan To Refinance Outstanding Debt, Expand Revolving Credit Facility Capacity


LAS VEGAS, NV – AGS has announced plans to refinance its outstanding credit facilities and extend debt maturities. AGS intends to fully refinance its $521.2 million term loan facility due in 2024, and its $93.6 million term loan facility due in 2024. As part of the refinancing transaction, AGS intends to seek a new $575 million term loan facility, due in 2029, and use a portion of the cash on its balance sheet. Additionally, the company intends to refinance and upsize its undrawn $30 million revolving credit facility, due in 2023, to a $40 million revolving credit facility due in 2027, which is expected to be undrawn at closing.