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PlayAGS Inc Targets Debt Reduction and Refinancing Strategy

PlayAGS Inc Targets Debt Reduction and Refinancing Strategy

Playags Inc (AGS) has released an update to notify the public and investors about a regulation fd disclosure.

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PlayAGS, Inc. announced on January 29, 2024, its intentions to refine its term loan credit facility, potentially reducing its interest rate and voluntarily repaying up to $15 million of its debt. Preliminary financial data for Q4 2023, which remains unaudited and subject to change, anticipates a range of revenues, and net income/loss, with final results expected to be released on March 5, 2024. The company cautions that these forward-looking statements are not guarantees and could be subject to adjustments. Adjusted EBITDA, a non-GAAP financial measure used by the company to assess performance, is also provided but should not be considered in isolation or as a substitute for GAAP results.

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