---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-003479"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2025-01-08T23:59:59+00:00"
generated_at: "2026-05-28T06:21:02.085470+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Galaxy Gaming completes debt refinancing: $12.6M debt reduction, ~$2.8M annual interest savings

## Summary
- New $45M term loan + $2M revolver (undrawn) with BMO Bank, due 2030 (or earlier if Evolution Malta merger not closed by Dec 31, 2025).
- Total debt reduced by $12.6M; annual interest savings ~$2.8M vs Sep 30, 2024 levels.
- Initial rate SOFR+3.50%; previous Fortress Credit loan (due 2026) fully repaid and terminated.
- CFO states long-term net debt leverage target of 2.5-3.0x Adjusted EBITDA.
- New facilities secured by substantially all assets; guaranteed by domestic subsidiaries.

## SEC filing metadata
- accession: 0000950170-25-003479
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2025-01-08T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000095017025003479/0000950170-25-003479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000095017025003479/glxz-20250106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-003479
- JSON: https://secwatch.observer/filing/0000950170-25-003479.json
- Plain text: https://secwatch.observer/filing/0000950170-25-003479.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.