Everi to be acquired for $14.25 per share in cash; part of three-way deal with IGT and Apollo

Everi Holdings Inc.

Everi stockholders to receive $14.25 per share in cash; Apollo commits $2.3B equity; debt commitments of $4.325B term loan and $750M revolver.
IGT spins off Gaming & Digital into Spinco; Buyer (Apollo) buys Spinco and merges it with Everi.
Everi Board recommends stockholder approval; closing expected by end of Q3 2025.
Termination fees: $65M from Everi for superior proposal; $250M from Buyer in certain circumstances.

item 1.01 item 8.01 item 1.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Mark F. Labay

Chief Integration Officer of Newco

Everi Holdings Inc.

Successor: Fabio Celadon
Filed: July 26, 2024, 7:59 PM ET

It is currently anticipated that immediately after the Merger Effective Time, Mr. Mark F. Labay will transition from the role of Chief Financial Officer of the Company to the role of Chief Integration Officer of Newco .

Appointed

Fabio Celadon

Chief Financial Officer of Newco

Everi Holdings Inc.

Filed: July 26, 2024, 7:59 PM ET

Immediately after the Merger Effective Time, it is currently anticipated that Mr. Fabio Celadon, Executive Vice President of Strategy and Corporate Development for IGT, will be named Chief Financial Officer of Newco .

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark F. Labay changed role as Chief Integration Officer of Newco at Everi Holdings Inc..

Action: transition
Role: Chief Integration Officer of Newco

Exact text from the filing

It is currently anticipated that immediately after the Merger Effective Time, Mr. Mark F. Labay will transition from the role of Chief Financial Officer of the Company to the role of Chief Integration Officer of Newco .

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Fabio Celadon was named as Chief Financial Officer of Newco at Everi Holdings Inc..

Action: named
Role: Chief Financial Officer of Newco

Exact text from the filing

Immediately after the Merger Effective Time, it is currently anticipated that Mr. Fabio Celadon, Executive Vice President of Strategy and Corporate Development for IGT, will be named Chief Financial Officer of Newco .

View on SEC.gov

Source: SEC EDGAR

accession 0001318568-24-000151

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