Affinity Gaming shops $50 million add-on second-lien term loan at par

By Sara Rosenberg

New York, Feb. 22 – Affinity Gaming launched a $50 million add-on second-lien term loan with issue price talk of par, according to a market source.

Pricing on the add-on matches existing second-lien term loan priced at Libor plus 825 basis points with a 1% Libor floor, the source said.

Citizens Bank is the lead on the deal.

Commitments are due on Tuesday, the source added.

Proceeds will be used to repay revolver borrowings and to add cash to the balance sheet.

Affinity Gaming is a Las Vegas-based diversified casino gaming company.

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