- Reduced Total Outstanding Debt by $12.6 Million
- Lowered Interest Rates and Extended Maturities
- Achieved Approximately $2.8 Million in Annual Interest Savings
LAS VEGAS, Jan. 08, 2025 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (OTC: GLXZ) today announced it successfully completed the refinancing of its outstanding debt, including (i) closing a five-year $45 million secured term loan due 2030 (the “New Term Loan”); and (ii) a $2 million secured revolving credit facility due 2030 which was undrawn at closing (the “New Revolver” and together with the New Term Loan, the “New Credit Facilities”). The New Credit Facilities have an initial interest rate of SOFR plus 3.50%.
“The refinancing of our outstanding debt significantly strengthens our…
