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Everi Announces Successful Completion of Term Loan Repricing

Published

5 years ago

on

January 27, 2020

By

Wladimir P.

Reading Time: < 1 minute

Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier single-source provider of gaming products, financial technology and player loyalty solutions in the gaming industry, today announced that it successfully completed the repricing of the Senior Secured Term Loan under its Credit Agreement dated as of May 9, 2017 (as amended, the “Credit Agreement”). Amendments to the Credit Agreement have reduced the applicable interest rate on the Term Loan to a rate of LIBOR plus 275 basis points with a LIBOR floor of 100 basis points. The maturity of the Term Loan remains May 9, 2024.

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Wladimir P.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

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