secwatch / observer
8-K filed February 5, 2024, 6:59 PM ET CIK 0001593548
debt confidence high sentiment positive materiality 0.35

PlayAGS, Inc.: debt financing — PlayAGS reprices term loan to SOFR+3.75% and repays $15M of debt

PlayAGS, Inc.

item 1.01item 2.03item 7.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PlayAGS, Inc. amended credit facility with Jefferies Finance LLC at removes the credit spread adjustment with respect to term loan borrowings in Ter.

Instrument
credit facility
Counterparty
Jefferies Finance LLC
Rate
removes the credit spread adjustment with respect to term loan borrowings in Ter
Event
amendment
Exact text from the filing
the Seventh Amendment (i) removes the credit spread adjustment with respect to term loan borrowings in Term SOFR (as defined in the Amended Credit Agreement) and (ii) reduces the Applicable Margin (as defined in the Amended Credit Agreement) on the Borrower’s existing term loan to 3.75% for Term SOFR borrowings and 2.75% for ABR (as defined in the Amended Credit Agreement) borrowings.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PlayAGS, Inc. amended Seventh Amendment with Jefferies Finance LLC, as administrative agent (effective 2024-02-05).

Action
amendment
Agreement
credit facility
Counterparty
Jefferies Finance LLC, as administrative agent
Effective
2024-02-05
Exact text from the filing
On February 5, 2024, AP Gaming I, LLC (the “Borrower”), a Delaware limited liability company and wholly owned indirect subsidiary of PlayAGS, Inc. (the “Company”), and AP Gaming Holdings, LLC (“Holdings”), a Delaware limited liability company and wholly owned indirect subsidiary of the Company, entered into an amendment (the “Seventh Amendment”) to amend that certain First Lien Credit Agreement
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299 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR
accession 0001437749-24-003123
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