PlayAGS, Incorporated announced selected preliminary financial results for the fourth quarter and full year ended December 31, 2021 in conjunction with the Company’s intention to explore a refinancing of its outstanding revolving credit facility and term loan credit facilities. A refinancing transaction could include increasing the size of the Company’s revolving credit facility, extending its debt maturities, and reducing its borrowing costs. Additionally, the Company could look to use a material amount of cash on the Company’s balance sheet that could exceed $50 million in connection with such refinancing.

AGS President and Chief Executive Officer David Lopez said, “Our preliminary fourth quarter 2021 financial results further reflect the operating momentum we are witnessing across all three segments of our business. I continue to believe we have the best lineup of new products in our Company’s history and am excited about the opportunities that lie ahead.”

Previous articlePragmatic Play Appoints Javier Samel as Argentina’s Country Director
Next articleCR Vasco Da Gama to Launch $VAASCO Fan Token on Socios.com
Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

LEAVE A REPLY

Please enter your comment!
Please enter your name here