AGS Announces Plans to Explore Refinancing of Its Term Loan Credit Facility and Voluntarily Repay Up to $15 Million of Its Total Debt Outstanding
29 Gennaio 2024 - 3:15PM
PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company") today
announced plans to explore a refinancing of its term loan credit
facility, which may include decreasing the interest rate required
to be paid under such facility. Additionally, the Company could
look to voluntarily repay up to $15 million of its total debt
outstanding in conjunction with the refinancing transaction. On
January 29, 2024, the Company made available a presentation to
potential lenders, which included certain preliminary estimated
financial data for the fourth quarter ended December 31, 2023. The
Company intends to file a Current Report on Form 8-K with the
Securities and Exchange Commission (the “SEC”) that will include
the preliminary estimated financial data.
Company Overview
AGS is a global company focused on creating a
diverse mix of entertaining gaming experiences for every kind of
player. Our roots are firmly planted in the Class II tribal gaming
market, but our customer-centric culture and remarkable growth have
helped us branch out to become one of the most all-inclusive
commercial gaming equipment suppliers in the world. Powered by
high-performing Class II and Class III slot products, an expansive
table products portfolio, highly rated social casino, real-money
gaming solutions for players and operators, and best-in-class
service, we offer an unmatched value proposition for our casino
partners. Learn more at playags.com.
AGS Investor &
Media Contacts:
Brad Boyer, Senior Vice President Corporate
Operations and Investor Relationsinvestors@playags.com
Julia Boguslawski, Chief Marketing Officer
jboguslawski@playags.com
©2024 PlayAGS, Inc. Products referenced
herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc.
Solely for convenience, marks, trademarks and trade names referred
to in this press release appear without the ® and TM and
SM symbols, but such references are not intended to indicate, in
any way, that PlayAGS, Inc. will not assert, to the fullest extent
under applicable law, its rights or the rights of the applicable
licensor to these marks, trademarks and trade names.
Forward-Looking Statements
This release contains, and oral statements made
from time to time by our representatives may contain,
forward-looking statements based on management's current
expectations and projections, which are intended to qualify for the
safe harbor of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements include statements regarding
the proposed public offering and other statements identified by
words such as "believe," "will," "may," "might," "likely,"
"expect," "anticipates," "intends," "plans," "seeks," "estimates,"
"believes," "continues," "projects," "targets" and similar
references to future periods, or by the inclusion of forecasts or
projections. All forward-looking statements are based on current
expectations and projections of future events.
These forward-looking statements reflect the
current views, models, and assumptions of AGS, and are subject to
various risks and uncertainties that cannot be predicted or
qualified and could cause actual results in AGS's performance to
differ materially from those expressed or implied by such forward
looking statements. These risks and uncertainties include, but are
not limited to, the ability of AGS to maintain strategic alliances,
unit placements or installations, grow revenue, garner new market
share, secure new licenses in new jurisdictions, successfully
develop or place proprietary product, comply with regulations, have
its games approved by relevant jurisdictions, the effects of
COVID-19 on the Company's business and results of operations and
other factors set forth under Item 1. "Business," Item 1A. "Risk
Factors" in AGS's Annual Report on Form 10-K, filed with the SEC.
All forward-looking statements made herein are expressly qualified
in their entirety by these cautionary statements and there can be
no assurance that the actual results, events or developments
referenced herein will occur or be realized. Readers are cautioned
that all forward-looking statements speak only to the facts and
circumstances present as of the date of this press release. AGS
expressly disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Grafico Azioni PlayAGS (NYSE:AGS)
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Da Nov 2024 a Dic 2024
Grafico Azioni PlayAGS (NYSE:AGS)
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