LAS VEGAS, January 27, 2022 - PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced plans to refinance its outstanding credit facilities and extend debt maturities. AGS intends to fully refinance its $521.2 million Term Loan Facility due 2024 and its $93.6 million Term Loan Facility due 2024. As part of the refinancing transaction, AGS intends to seek a new $575.0 million Term Loan Facility due 2029 and use a portion of the cash on its balance sheet. Additionally, the Company intends to refinance and upsize its undrawn $30 million Revolving Credit Facility due 2023 to a $40.0 million Revolving Credit Facility due 2027, which is expected to be undrawn at closing.



Company Overview

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II tribal gaming market, but our customer-centric culture and remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming equipment suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly rated social casino, real-money gaming solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at playags.com.


AGS Investor & Media Contacts:

Brad Boyer, Senior Vice President Corporate Operations and Investor Relations

bboyer@playags.com


Julia Boguslawski, Chief Marketing Officer

jboguslawski@playags.com