AGS Chief Financial Officer Kimo Akiona
AGS Successfully Completes Term Loan Repricing; Voluntarily Repays $15 Million of its Total Debt Outstanding
![ags-successfully-completes-term-loan-repricing;-voluntarily-repays-$15-million-of-its-total-debt-outstanding](https://recentslotreleases.com/wp-content/uploads/2024/02/132512-ags-successfully-completes-term-loan-repricing-voluntarily-repays-15-million-of-its-total-debt-outstanding.jpg)
PlayAGS Inc. has announced that it has successfully completed a repricing of its term loan credit facility. Among other things, the repricing removes the credit spread adjustment with respect to term loan borrowings and reduces the interest rate applied to such borrowings to the Secured Overnight Financing Rate (SOFR) plus 3.75%. Additionally, in conjunction with the repricing transaction, the Company elected to repay $15 million of its total debt outstanding.
In addressing the repricing and repayment activity, AGS Chief Financial Officer, Kimo Akiona, commented: “As an organization, we remain singularly focused on reducing net leverage through a combination of consistent Adjusted EBITDA growth and improving free cash flow conversion. To that end, today’s announced transactions should help to expedite the achievement of our near and intermediate-term deleveraging objectives.”
-
Africa5 days ago
South African Casino Hits R4 Million Jackpot on Mega Fire Blaze 3 Slots
-
Australia5 days ago
Regulating the Game Announces Dr Bo Bernhard as 2025 Conference Speaker
-
Africa6 days ago
Amusnet Announces Strategic Partnership with BetFounders
-
CGS Recife5 days ago
Salsa Technology wins Best Game Aggregator award at CGS Recife
-
Balkans6 days ago
EGT is ready for another memorable Entertainment Arena Expo show
-
Latest News6 days ago
Finnplay and Mindway AI Partner to Elevate Safer Gambling Practices
-
Brazil4 days ago
Salsa Technology Announces Thiago Valadão as Country Manager for Brazil
-
Evoplay4 days ago
Winpot.mx adds Evoplay to well-stocked game lobby