Shuffle Master gets $200 million revolver via Wells, Bank of America

By Sara Rosenberg

New York, Oct. 29 - Shuffle Master Inc. closed on a new $200 million five-year senior secured revolving credit facility, according to a news release.

Wells Fargo and Bank of America acted as the joint lead arrangers and bookrunners on the deal, with Wells Fargo the administrative agent.

Initial pricing on the revolver is Libor plus 200 basis points.

There is a $100 million accordion feature.

Proceeds were used to replace an existing $165 million senior secured credit facility.

Shuffle Master is a Las Vegas-based gaming supply company.

© 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.