Ainsworth Game Technology (AGT) recently entered into secured credit facility worth US$35m with US-based lender Western Alliance Bancorporation (WAB).
The initial lending agreement is for a period of five years where Ainsworth Game Technology Inc., is established as the borrower and party to the relevant credit agreements.
The parent entities to AGT, AGT Pty Ltd and Ainsworth Game Technology Limited, have been taken as the guarantors.
As per Gambling Insider, Ainsworth noted: “Proceeds of US$28 million from this new facility have been used to extinguish all company obligations under the prior revolving credit facility with Australia and New Zealand Banking Group Limited (ANZ).”
Further details would be divulged by the AGT Group after reports of its unaudited financial results are out.