secwatch.observer — SEC 8-K summary
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Issuer:     Everi Holdings Inc. (—)
CIK:        0001318568
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001318568-24-000151
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 8.01, 1.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318568/000131856824000151/0001318568-24-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318568/000131856824000151/evri-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001318568-24-000151

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer