---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-003123"
form_type: "8-K"
ticker: null
cik: "0001593548"
company_name: "PlayAGS, Inc."
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:09:59.719173+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# PlayAGS reprices term loan to SOFR+3.75% and repays $15M of debt

## Summary
- Seventh Amendment removes credit spread adjustment; margin reduced to SOFR+3.75% (ABR+2.75%).
- Voluntary $15M debt repayment; annualized cash interest savings estimated at over $3M at current SOFR.
- CFO states transactions will help expedite deleveraging objectives.

## SEC filing metadata
- accession: 0001437749-24-003123
- form_type: 8-K
- cik: 0001593548
- company_name: PlayAGS, Inc.
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593548/000143774924003123/0001437749-24-003123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593548/000143774924003123/ags20240205_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003123
- JSON: https://secwatch.observer/filing/0001437749-24-003123.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003123.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593548/000143774924003123/0001437749-24-003123-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593548/000143774924003123/0001437749-24-003123-index.htm

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