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(AsiaGameHub) – Aristocrat Leisure Limited (ASX: ALL), a global gaming content and technology firm that also creates mobile games, has announced the successful refinancing of its debt facilities for a total of $1.85 billion.
This action, which comes after the recent inclusion of Bao Zhu Zhao Fu Firecracker Express on premium King Max cabinets to its offerings, is anticipated to considerably fortify the company’s balance sheet and boost its capital management agility.
Support for $1.85 Billion Debt Facilities
The financing was backed by a combination of current and new lenders. It includes an $850 million Term Loan A set to mature in April 2031, alongside a $1 billion Revolving Credit Facility that matures in April 2030.
The gaming leader stated that the refinancing’s terms and conditions demonstrate its investment-grade credit standing.
The company also emphasized that the larger revolving credit facility will enhance its capacity to oversee its capital structure and maintain its investment in development initiatives.
Chief financial officer Sally Denby stated that their present priority is “delivering long-term shareholder value.”
Denby added that the accomplished refinancing directly mirrors the robustness of their investment-grade credit profile, while also boosting their long-term capability to handle their capital structure and fund growth.
Earlier this month, the company launched MONOPOLY Big Board Bucks at the Yaamava’ Resort & Casino in California, US. This release signifies the first game title introduced “under its newly awarded multiyear licensing partnership with Hasbro.”
According to the company’s announcement, “Powered by the company’s industry-leading innovation, this first title brings nostalgia, iconic iconography, and dynamic gameplay to the forefront.”
Craig Toner, chief executive officer of Aristocrat Gaming, commented: “We are incredibly proud to see our introductory MONOPOLY title, Big Board Bucks, make its debut on casino floors. The journey to this moment has been filled with energy, excitement, and a deep appreciation for the opportunity to innovate with one of the world’s most iconic brands.”
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