LAS VEGAS, January 18, 2022 – PlayAGS, Incorporated (NYSE: AGS) (“AGS” or the “Company”) today 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.”
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