American Gaming Systems plans new debt for Cadillac Jack purchase

By Sara Rosenberg

New York, March 31 – American Gaming Systems plans on getting new debt financing to help fund its acquisition of Cadillac Jack Inc. from Amaya Inc., according to a market source.

Jefferies Finance LLC and Macquarie Capital (USA) Inc. are leading the debt.

Under the agreement, Cadillac Jack is being purchased for C$476 million, consisting of C$461 million in cash and a C$15 million 5% PIK note.

Closing is expected this year, subject to gaming regulatory and antitrust approvals and other customary closing conditions.

American Gaming is a Las Vegas-based manufacturer and operator of gaming machines. Cadillac Jack is a designer and supplier of electronic games and systems for the regulated global gaming industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.